Zinc Ingot Inventories across Seven Major Markets in China Decreased 4,800 mt over the Weekend

Published: Aug 01, 2022 17:19 (GMT+8)

Save

On the whole, the inventories in Shanghai, Guangdong and Tianjin rose 1,900 mt, and inventories across seven major markets in China increased 1,400 mt over the weekend.

SHANGHAI, Aug 1 (SMM) - SMM data shows that the zinc ingot inventories across seven major markets in China totalled 138,300 mt as of August 1, down 4,800 mt from July 25 and up 1,400 mt from July 29. The inventory in Shanghai basically remained unchanged amid thin transactions as zinc prices rose significantly and most downstream buyers chose to wait and see. The inventory in Guangdong inched higher with increased arrivals while die-casting zinc alloy producers were reluctant to restock amid off-season and high zinc prices. In Tianjin, as zinc prices remained high, downstream enterprises mainly picked up cargoes under long-term orders and retail orders were poor. The inventory in Tianjin dropped slightly with limited arrivals over the weekend. On the whole, the inventories in Shanghai, Guangdong and Tianjin rose 1,900 mt, and inventories across seven major markets in China increased 1,400 mt over the weekend.

Inventory

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

10 hours ago

End-use demand underperforms, zinc oxide operating rates edge down [SMM Zinc Oxide Weekly Review]

[Poor end-use demand performance, zinc oxide operating rate edges down] From the perspective of end-use demand performance, in the rubber-grade zinc oxide sector, tire enterprise orders are generally weak, and purchases of zinc oxide remain just-in-time; orders in the desulfurization field perform poorly, with demand remaining sluggish...

10 hours ago

Die-casting zinc alloy operating rates trend lower, expected to decline further next week [SMM die-casting zinc alloy weekly review]

[Operating rate of die-casting zinc alloy declines, expected to fall further next week] The operating rate moved lower this week, mainly because some enterprises scheduled maintenance during the week, dragging down the overall operating level. In addition, some small and medium-sized enterprises have recently been affected by high prices, with weaker order performance, and there have been cases of proactive production control, which also weighed on the operating rate.

10 hours ago

Pre-holiday Stockpiling Drives Inventory Decline, Zinc Prices Consolidate at Highs [SMM Zinc Futures Brief]

[Pre-holiday stockpiling drives inventory decline, zinc prices consolidate at highs] The most-traded SHFE zinc 2611 contract opened at 26,740 yuan/mt. After the open, SHFE zinc consolidated around the daily average, touching an intraday high of 26,855 yuan/mt in early trading and a low of 26,690 yuan/mt during the session, before closing up 50 yuan/mt, or 0.19%, at 26,760 yuan/mt. Trading volume increased to 72,614 lots, and open interest rose by 2,140 lots to 148,000 lots.

10 hours ago