Zinc social inventories expanded 7,400 mt on week

Published: Jul 9, 2021 14:07

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei increased 7,400 mt in the week ended July 9 to 120,300 mt. The stocks rose 4,500 mt from Monday June 5.

SHANGHAI, Jul 9 (SMM) – Zinc inventories in China rose this week.

Stocks in Shanghai increased slightly as the arrivals of imported zinc were limited and the market mainly digested domestic zinc. In south China's Guangdong, market arrivals continued to improve and downstream demand weakened, leading to a continuous increase in stocks. Stocks in Tianjin rose sharply as downstream demand was still low and arrivals of smelters were normal.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) rose 6,200 mt this week, after a 5,500 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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