Zinc social inventories shrank 5,900 mt on week

Published: Jul 16, 2021 13:34

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 5,900 mt in the week ended July 16 to 114,400 mt. The stocks fell 7,600 mt from Monday June 12.

SHANGHAI, Jul 16 (SMM) – Zinc inventories in China fell this week.

Stocks in Shanghai decreased on week but was slightly higher than last Friday as market arrivals improved. In south China's Guangdong, market arrivals fell slightly and downstream purchase increased when zinc prices declined, leading to a decrease in stocks. Stocks in Tianjin fell as rebounded steel prices led to the improvement of downstream orders and market demand improved when zinc prices fell.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 5,100 mt this week, after a 6,200 mt increase 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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