Zinc social inventories rose 2,100 mt over weekend

Published: Mar 08, 2021 14:34 (GMT+8)

Save

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 2,100 mt from last Friday March 5 to 261,000 mt as of Monday March 8. The stocks were down 3,400 mt from March 1.

SHANGHAI, Mar 8 (SMM) – Zinc inventories in China rose over the weekend while the growth rate narrowed.

Stocks in Shanghai increased due to continuous arrivals at smelters and the inflow of import zinc. In south China's Guangdong, recovering downstream demand and the arrivals at smelters led to the slight increase in stocks. Stocks in Tianjin remained unchanged as arrivals increased while downstream took delivery of goods after restocking when zinc prices fell.

Compared to last Thursday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 2,700 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

1 hour ago

【Flash | Semtech Adds Cleanroom Space as InP Photonics Demand Ramps】

Semtech said in its Aug. 25 earnings presentation that its data-center photonics portfolio spans gain chips, high-power CW lasers, SOAs and high-speed photodiodes, while it has secured FY2027 equipment deliveries and acquired additional cleanroom space. Semtech acquired HieFo in March, adding US-based InP gain-chip and DFB-laser manufacturing. Q2 FY2027 data-center sales reached $100 million, up 39% QoQ and 91% YoY; Q3 sales are targeted to rise 45% QoQ and 160% YoY. SMM believes the buildout supports medium-term demand for InP and high-purity indium, although no nameplate capacity or indium consumption was disclosed.

1 hour ago

【SMM Flash News】Renforth Reports 10.9 Metres Grading 0.544% Zinc at Victoria

Renforth reported on October 5 that hole SUR-26-60 at its Victoria polymetallic project in Québec intersected 10.9 metres grading 0.544% zinc, 0.079% copper and 0.51 g/t silver from a downhole depth of 17.1 metres. The three-hole, 1,011-metre programme was completed in July to test down-dip continuity beneath the existing resource pit shell.

1 hour ago

【SMM Flash News】Bunker Hill Adds Metal Recovery Criteria to Its Year-End Commercial Production Target

Bunker Hill said on October 5 that its Idaho zinc-lead-silver mine remained on track to achieve commercial production by year-end 2026. The revised criteria require throughput of at least 65% of the plant’s 1,800-tonne-per-day nameplate capacity, alongside zinc, lead and silver recoveries of at least 70%, for 60 consecutive days. A 10-hole, 975-metre surface drilling programme has also started at Page.

1 hour ago