Zinc social inventories expanded 2,500 mt on week

Published: Nov 13, 2020 13:42

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Zinc inventories in China rose moderately this week, with stocks in Tianjin rising relatively sharply.

SHANGHAI, Nov 13 (SMM) – Zinc inventories in China rose moderately this week, with stocks in Tianjin rising relatively sharply.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 2,500 mt in the week ended November 13 to 167,700 mt. The stocks fell 2,000 mt from Monday November 9.

Stocks in Shanghai decreased sharply due to limited inflow of imported zinc and increased cargoes shipped to Jiangsu and Zhejiang. In south China's Guangdong, decreased arrivals and relatively stable downstream demand led to the slight decline in local zinc inventories. Stocks in Tianjin continued to pile up as downstream orders seasonally weakened and environmental protection and limited production affected market demand.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 700 mt this week, after a 100 mt decrease last week.

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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