Zinc social inventories shrank 3,200 mt on week

Published: Mar 5, 2021 15:02

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,200 mt in the week ended March 5 to 258,900 mt. The stocks fell 5,500 mt from Monday March 1.

SHANGHAI, Mar 5 (SMM) – Zinc inventories in China fell this week.

Stocks in Shanghai increased as downstream restocked at low prices despite continuous arrivals at smelters and the inflow of import zinc. In south China's Guangdong, there were still a large number of concentrated arrivals last weekend, and the downstream restocking led to the decrease in stocks, while the inventories increased slightly compared with last Friday. Stocks in Tianjin fell as downstream became more willing to enquiry and restock when zinc prices fell.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 3,400 mt this week, after a 37,900 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.

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