Zinc social inventories shrank 1,000 mt over weekend

Published: Aug 24, 2020 14:04

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Zinc inventories in China shrank over the weekend, with stocks in Tianjin and Hebei rising.

SHANGHAI, Aug 24 (SMM) – Zinc inventories in China shrank over the weekend, with stocks in Tianjin and Hebei rising.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei fell 1,000 from last Friday August 21 to 174,700 mt as of Monday August 24. The stocks were down 2,500 mt from last Monday August 17.

Stocks in Shanghai declined on moderate downstream demand. Tepid arrivals of cargoes and downstream users’ stockpiling lowered stocks in Guangdong. Stocks in Tianjin built up as arrivals of cargoes from some smelters in Gansu and Inner Mongolia increased.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) stood flat.

Inventory data Zinc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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