Zinc social inventories shrank 5,100 mt over weekend

Published: May 17, 2021 13:59

Save

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 5,100 mt from last Friday May 14 to 171,200 mt as of Monday May 17. The stocks were down 16,700 mt from May 10.

SHANGHAI, May 17 (SMM) – Zinc inventories in China fell over the weekend.

Stocks in Shanghai decreased sharply as downstream stockpiled more when zinc prices fell. In south China's Guangdong, outbound quantity increased with moderate market arrivals, which led to the continuous decrease in stocks. Stocks in Tianjin continued to go up as downstream was worried about the continuous increase of zinc prices, and purchased more when prices fell.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) decreased 6,500 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

18 hours ago

[SMM Analysis] China’s Galvanized Steel Sheet Exports Edge Higher in July as Middle East Orders Recover

According to the latest customs data, China’s galvanized steel sheet exports totaled 1.10 million mt in July 2026, up 2.63% MoM but down 8.14% YoY. Cumulative exports from January to July reached 7.8066 million mt, down 3.87% YoY.

18 hours ago

19 hours ago

Near-Term Squeeze Sentiment in LME Zinc Intensifies, SHFE Zinc Follows Higher【SMM Zinc Futures Review】

【Near-Term Squeeze Sentiment in LME Zinc Intensifies, SHFE Zinc Follows Higher】The SHFE zinc 2610 contract opened at 25,590 yuan/mt during the daytime session and immediately touched a low of 25,580 yuan/mt. It then moved higher amid fluctuations and reached an intraday high of 25,805 yuan/mt before closing higher at 25,710 yuan/mt, up 0.47%......

19 hours ago

20 hours ago

[SMM Flash] China Sulphur and Sulphuric Acid Import and Export Data for July

n July 2026, China's total monthly sulphur imports were 385,403.834 mt in physical content, up 161.99% MoM and down 64.76% YoY, with major import sources being the UAE, Oman, Kuwait, Japan, and Taiwan, China. China's total monthly sulphur exports were 1,311.35 mt in physical content, down 96.35% MoM and up 47.87% YoY, with major export destinations being Indonesia, Myanmar, Vietnam, South Korea, and Cambodia. China's total monthly sulphuric acid imports were 1,066.527 mt in physical content, down 94.56% MoM and down 88.11% YoY, with major import sources being Taiwan, China, South Korea, Germany, the US, and Japan. China's total monthly sulphuric acid exports were 976.24 mt in physical content, up 8.82% MoM and down 99.75% YoY, with major export destinations being Hong Kong, China, Vietnam, Angola, Cambodia, and Singapore.

20 hours ago