Social Inventories Of Zinc Ingots Across Seven Major Markets In China

SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 96,200 mt as of Friday September 15, up 2,900 mt from Friday September 8 and 3,200 mt from Monday September 11. The inventories increases in Guangdong and Jiangsu were the most significant.

In Guangdong, there were large volumes of arriving shipments, while downstream purchasing was cautious against high zinc prices. The inventories in Tianjin fell due mainly to Bayannur Zijin Zinc Smelter and Chifeng NFC Zinc remaining in maintenance as well as hampered transportation of Xinzi zinc, limiting shipments arrivals.

In Jiangsu and Zhejiang, smelters stepped up shipments to downstream plants. Some cargoes were transferred from non-delivery warehouses to delivery warehouses. Inventories in Shanghai, Guangdong and Tianjin rose 200 mt.