Zinc social inventories expanded 4,400 mt on week

Published: Mar 12, 2021 14:19 (GMT+8)

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 4,400 mt in the week ended March 12 to 263,300 mt. The stocks rose 2,300 mt from Monday March 8.

SHANGHAI, Mar 12 (SMM) – Zinc inventories in China rose this week.

Stocks in Shanghai increased sharply due to continuous arrivals at smelters and the inflow of import zinc. In south China's Guangdong, the stable downstream restocking demand with continuous arrivals at smelters led to the slight increase in stocks. Stocks in Tianjin fell as downstream restocking demand improved when zinc prices fell.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 5,800 mt this week, after a 3,400 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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