Zinc social inventories shrank 1,100 mt over weekend

Published: May 31, 2021 15:28

Save

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 1,100 mt from last Friday May 28 to 154,400 mt as of Monday May 31. The stocks were down 7,100 mt from May 24.

SHANGHAI, May 31 (SMM) – Zinc inventories in China fell over the weekend.

Stocks in Shanghai decreased slightly as the inflow of import zinc was limited, the market digested domestic zinc stocks and downstream procurement slowed down. In south China's Guangdong, market arrivals volume were still low on weekends, the downstream demand also declined, and the market supply and demand were weak. Stocks in Tianjin fell slightly as downstream reduced production with increasing zinc prices, which made the overall demand weak.

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

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

4 hours ago

[Zinc Weekly Review] SHFE Zinc Rebounds from Lows as Tight Ore Supply Offsets Pressure from US Fed Rate Hike Expectations and Weaker LME

[Expectations for US Fed interest rate hikes and a weaker LME pressured SHFE zinc, while ore supply tightness supported a rebound from lows] The SHFE zinc 2611 contract opened at 26,180 yuan/mt in the daytime session, edged up to 26,200 yuan/mt in early trading, then pulled back to a low of 26,005 yuan/mt. After rebounding from the low, it moved sideways in a narrow range and closed at 26,145 yuan/mt, down 65 yuan/mt, or 0.25%. Trading volume decreased to 47,162 lots, and open interest fell by 3,474 lots to 123,000 lots......

4 hours ago

6 hours ago

Data: SHFE, DCE market movement (Sep 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Sep , 2026

6 hours ago

8 hours ago

SHFE zinc center declines, while the South China zinc ingot market trading recovers.

[South China zinc ingot market] SHFE zinc futures prices fell below yuan 26,000/mt in the night session yesterday, prompting more downstream pricing. According to SMM, market pricing today was mostly concentrated at yuan 26,000-26,300/mt, with the market mainly fulfilling previous orders and few new pricing deals; however, the recovery in market trading drove spot premiums higher. Today, SMM #0 zinc ingot (Guangdong) was quoted at yuan 26,030/mt, down yuan 300/mt.

8 hours ago