Zinc social inventories shrank 12,100 mt on week

Published: Jun 25, 2021 14:44

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 12,100 mt in the week ended June 25 to 116,500 mt. The stocks fell 6,400 mt from Monday June 21.

SHANGHAI, Jun 25 (SMM) – Zinc inventories in China fell this week.

Stocks in Shanghai continued to decrease as downstream demand for restocking increased when prices fell, and the inflow of imported zinc slowed down. In south China's Guangdong, downstream orders in the low-price range increased, and deliveries were made one after another in the week, driving stocks to hit a new low. Stocks in Tianjin fell slightly as overall downstream demand was still weak.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 11,700 mt this week, after an 8,000 mt decrease 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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