Zinc social inventories expanded 37,600 mt on week

Published: Feb 26, 2021 15:30

Save

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 37,600 mt in the week ended February 26 to 262,100 mt. The stocks rose 9,700 mt from Monday February 22.

SHANGHAI, Feb 26 (SMM) – Zinc inventories in China rose this week.

Downstream resumed production one after another, and some factories still focused on digesting finished product inventories, leading to the limited overall demand. Arrivals of smelters continued to increase, and some smelters shipped out in-plant stocks especially when zinc prices rose, leading to a relatively large increase in zinc inventories.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 37,900 mt this week, after a 45,200 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

Aug 14, 2026 18:12

SHFE Zinc Prices Consolidate at Highs, Weak Downstream Demand Dampens Spot Trading

[Shanghai Refined Zinc Market] This week, SHFE zinc futures prices consolidated at highs, with the overall center up notably WoW. In the off-season, overall orders at downstream enterprises remained poor, and amid persistent fear of high prices, overall zinc ingot purchasing interest during the week was weak. Overall spot trading during the week was sluggish; traders had difficulty selling, and spot premiums fell during the week.

Aug 14, 2026 18:12

Ningbo Zinc Market Sees Stable Supply and Steady Premiums Amid Moderate Demand

[Ningbo Refined Zinc Market] This week, the Ningbo market had ample overall spot supply, traders' selling quotations were relatively stable, and overall spot premiums changed little. Demand side, orders at downstream alloy plants had yet to improve significantly, spot zinc ingot purchases were mainly based on rigid demand, and market transactions were moderate. Ningbo spot premiums are expected to continue consolidating next week.

Aug 14, 2026 18:12

China's Port Zinc Concentrate Inventories Drop by 36,000 mt WoW to 244,000 mt

[Port Zinc Concentrate Inventories] This week, SMM zinc concentrate inventories at main ports in China totaled 244,000 mt in physical content, down 36,000 mt WoW, with Fangchenggang Port inventories accounting for the main decline.

Aug 14, 2026 18:12