Zinc social inventories expanded 57,400 mt on week

Published: Feb 18, 2021 13:59 (GMT+8)

Save

Social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 57,400 mt in the week ended February 18 to 224,500 mt. The stocks rose 65,100 mt from last Monday February 8.

SHANGHAI, Feb 18 (SMM) – Zinc inventories in China rose this week.

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 57,400 mt in the week ended February 18 to 224,500 mt. The stocks rose 65,100 mt from last Monday February 8.

The downstream basically had a holiday during the CNY with few shipments, while most smelters were in normal production, constantly shipping zinc ingots. Arrivals in warehouses rose significantly, leading to a sharp increase in zinc inventories.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 45,200 mt this week, after a 9,700 mt increase 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.

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

38 mins ago

SHFE/LME zinc price ratio rebounds to around 6.9 and consolidates [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME price ratio rebounds to around 6.9 and consolidates]: This week, the SHFE/LME price ratio rebounded to around 6.9, with the SHFE and LME price ratio seeing some recovery. Ex-China, US inflation data beat expectations, market expectations for US Fed interest rate hikes heated up, and the US dollar index rose to its highest level since May 2025, weighing on LME zinc.

38 mins ago

39 mins ago

Zinc Prices Pull Back, Premiums Rise Accordingly [SMM Tianjin Zinc Spot Weekly Review]

[Zinc Prices Pull Back, Spot Premiums Rise]: Spot premiums in Tianjin rose significantly this week, up 30 yuan/mt WoW. As of Friday, mainstream domestic brands were offered at premiums of 0-80 yuan/mt against the 2611 contract, while high-end brands were offered at premiums of 110-180 yuan/mt against the 2611 contract. Tianjin was quoted at a discount of around 35 yuan/mt against Shanghai, narrowing the Shanghai-Tianjin price spread.

39 mins ago

42 mins ago

Post-holiday Resumption, Operating Rate Rises [SMM Galvanizing Weekly Review]

[Post-holiday work resumption, operating rates rise]: This week, operating rates of galvanising producers rebounded to 53.50%, up 17.24 percentage points WoW. Raw material side, zinc prices fell after the holiday, galvanising enterprises showed improved purchasing enthusiasm, with some enterprises increasing zinc ingot purchases as prices pulled back, replenishing raw material inventories consumed before the holiday.

42 mins ago