Zinc social inventories rose 5,200 mt over weekend

Published: Feb 8, 2021 14:36

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Zinc inventories in China rose over the weekend.

SHANGHAI, Feb 8 (SMM) – Zinc inventories in China rose over the weekend.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 5,200 mt from last Friday February 5 to 159,400 mt as of Monday February 8. The stocks were up 20,300 mt from last Monday February 1.

As the downstream started the holiday, the market demand shrank sharply. Inter-provincial automobile transportation was stopped one after another, and some smelters changed to railway transportation with longer transportation time, while some goods were hoarded in smelter factories, which affected the arrival rhythm and arrivals.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 4,500 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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