Zinc social inventories rose 4,000 mt over weekend

Published: Jan 11, 2021 15:00

Save

Zinc inventories in China rose over the weekend, primarily propelled by an increase in Guangdong.

SHANGHAI, Jan 11 (SMM) – Zinc inventories in China rose over the weekend, primarily propelled by an increase in Guangdong.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 4,000 mt from last Friday January 8 to 154,000 mt as of Monday January 11. The stocks were up 6,400 mt from last Monday January 4.

Stocks in Shanghai increased slightly as shipments from Tianjin arrived one after another with downstream rigid demand. In south China's Guangdong, the smelter increased shipments to the Guangdong market at high prices due to the shortage of market sources, leading to the increase in local zinc inventories. Stocks in Tianjin continued to rise as downstream demand weakened.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 4,000 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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

China inventory declines, zinc prices fluctuate at highs [SMM zinc futures review]

[China inventory declines; zinc prices fluctuate at highs] The most-traded SHFE zinc 2610 contract opened at 27,030 yuan/mt. After the open, zinc prices pulled back slightly to a low of 26,900 yuan/mt. Subsequently, bulls added positions, driving prices up to 27,245 yuan/mt. Then, a tug-of-war between longs and shorts kept zinc prices consolidating above the daily average, and the contract finally closed up at 27,095 yuan/mt, up 90 yuan/mt, or 0.33%.....

4 hours ago

7 hours ago

Data: SHFE, DCE market movement (Sep 07)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 Sep , 2026

7 hours ago

[SMM Analysis] Indonesia's Sulphur and Sulphuric Acid Import and Export Data for July

In July 2026, Indonesia's total monthly sulphur imports reached 725,900 mt, up 115.5% MoM and up 132% YoY. The main import sources were the UAE (256,800 mt), Canada (180,300 mt), Saudi Arabia (110,900 mt), Qatar (56,700 mt), Kuwait (36,750 mt), the US (22,200 mt), Iraq (18,000 mt), Kazakhstan (13,000 mt), Malaysia (10,200 mt), the Philippines, Taiwan, China, Japan, and South Korea. Indonesia's total monthly sulphur exports stood at 278.74448 mt, up significantly MoM and up significantly YoY.

7 hours ago