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Home / Metal News / Zinc Social Inventories Up 2,100 mt over Weekend

Zinc Social Inventories Up 2,100 mt over Weekend

Sep 27, 2021 14:43

Source:SMM

Total zinc inventories across seven Chinese markets stood at 131,300 mt as of September 27, up 2,100 mt from Friday September 24.

SHANGHAI, Sep 27 (SMM) – Total zinc inventories across seven Chinese markets stood at 131,300 mt as of September 27, up 2,100 mt from Friday September 24.

The inventory continued to accumulate in Shanghai amid rising arrivals of goods in the market and weak downstream demand. The stocks in Guangdong fell slightly as the power rationing at smelters has affected the arrivals of goods. Tianjin saw an increase in stocks amid limited arrivals of goods and proper restocking by the downstream producers.

The inventory in Shanghai, Guangdong and Tianjin rose 2,200 mt, and inventories across seven Chinese markets increased 2,100 mt.

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

Apr 11, 2022 15:09

Analysis

A Short Squeeze May Occur Overseas Followed by the Domestic Market

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

Total zinc ingots inventories across seven major markets in China stood at 278,000 mt as of April 8, up 5,200 mt from April 1, down 300 mt from March 6. Domestic inventories increased.

Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

SMM China Lead Ingot Inventory Up 400 mt on Week

SMM China lead ingot inventory across five major markets totalled 99,800 mt as of Friday April 8, up 400 mt from last Friday April 1 and 500 mt from Wednesday April 6.

Apr 8, 2022 15:14

Analysis

SMM China Lead Ingot Inventory Up 400 mt on Week

China HRC Stocks Up 28,300 mt on Week

The total inventory of HRC across social warehouses and steel makers in China stood at 3.58 million mt as of April 7, up 28,300 mt or 0.8% on the week, a decrease of 0.39% on the year.

Apr 7, 2022 16:20

Analysis

Zinc Social Inventories Up 14,000 mt on Week

Total zinc inventories across seven Chinese markets stood at 133,800 mt as of October 8, up 14,000 mt from September 30 and 2,500 mt from September 27.

Oct 8, 2021 13:45

SMM Insight

Zinc Social Inventories Up 14,000 mt on Week

The Supply and Demand Imbalance of Zinc Unchanged 【SMM post-holiday review】

On the macro front, the US ISM manufacturing PMI for September continued to improve, rising to 61.1% from 59.9% in August. The September manufacturing PMI stood at 58.6, the first time that it fell below 60 since March this year. China’s manufacturing PMI for September fell to 49.6, slightly below the 50 mark. The PMI readings of Europe and China both fell. In the US, the ADP employment data increased by 568,000 in September with an estimate of 430,000. The previous reading was revised from 374,000 to 340,000. The PPI in the Eurozone in August stood at 1.1% on a monthly basis, the lowest since April.

Oct 8, 2021 13:35

SMM Insight

The Supply and Demand Imbalance of Zinc Unchanged 【SMM post-holiday review】

China Rebar Inventory Down 10.9% on Week

Inventories of rebar across Chinese steel makers and social warehouses stood at 8.70 million mt as of September 30, down 1.06 million mt or 10.9% from a week earlier. Stocks are down 1.85 mt or 17.6% from a year earlier.

Sep 30, 2021 16:28

Analysis

China Rebar Inventory Down 10.9% on Week

SMM Morning Comments (Sep 30): Base Metals Fell across the Board amid Thin Trade

Shanghai base metal fell across the board on Thursday morning amid the sluggish transaction on the last trading day before the National Day long holiday. Meanwhile, their counterparts on LME trended mixed.

Sep 30, 2021 10:04

SMM Comments

SMM Morning Comments (Sep 30): Base Metals Fell across the Board amid Thin Trade

Zinc Social Inventories Up 12,000 mt on Week

Total zinc inventories across seven Chinese markets stood at 129,200 mt as of September 24, up 6,200 mt from September 13 and 12,000 mt from September 17.

Sep 24, 2021 14:09

Analysis

Zinc Social Inventories Up 12,000 mt on Week

SMM Morning Comments (Sep 24): Base Metals Mostly Went Up on Slumping US Dollar

Shanghai base metals mostly trended higher on Friday morning amid slumping US dollar and eased market concerns about the default of Evergrande. Meanwhile, their counterparts on LME performed similarly.

Sep 24, 2021 10:02

SMM Comments

SMM Morning Comments (Sep 24): Base Metals Mostly Went Up on Slumping US Dollar

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Zinc Social Inventories Up 2,100 mt over Weekend

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2024 NET ZERO CHINA FIELD TRIP

2024 NET ZERO PV Industry Conference

2024 SMM LME LONDON WEEK EVENT - THE FUTURE OF GLOBAL METALS MARKET