Zinc social inventories rose 2,100 mt over weekend

Published: Mar 15, 2021 14:12

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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 12 to 265,400 mt as of Monday March 15. The stocks were up 4,400 mt from March 8.

SHANGHAI, Mar 15 (SMM) – Zinc inventories in China continued to rise over the weekend.

Stocks in Shanghai increased due to continuous arrivals at smelters and the inflow of import zinc. In south China's Guangdong, rising zinc ingots prices, few stockpiling cargoes and decreasing shipments led to the slight increase in stocks. Stocks in Tianjin rose slightly as arrivals at smelters increased and downstream took delivery of goods.

Compared to last Thursday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) increased 2,800 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.

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