Zinc social inventories shrank 500 mt over weekend

Published: Dec 21, 2020 13:57

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Zinc inventories in China fell over the weekend, primarily propelled by a decrease in Guangdong.

SHANGHAI, Dec 21(SMM) – Zinc inventories in China fell over the weekend, primarily propelled by a decrease in Guangdong.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 500 mt from last Friday December 18 to 154,000 mt as of Monday December 21. The stocks were down 9,100 mt from last Monday December 14.

Stocks in Shanghai increased slightly due to relatively stable arrivals. In south China's Guangdong, large shipments led to the continuous decline in local zinc inventories. Stocks in Tianjin continued to rise as arrivals of smelters increased amid weak downstream demand.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 1,100 mt.

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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