Zinc social inventories dipped 600 mt over weekend

Published: Jan 6, 2020 14:08

Save

Social inventories at Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei were 106,900 mt as of January 6

SHANGHAI, Jan 6 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei stood at 106,900 mt as of Monday January 6, down 600 mt from Friday January 3 and 2,400 mt from Monday December 30, showed SMM data.

Shanghai primarily contributed to the decline in overall stocks over the weekend, due to limited arrivals and as downstream consumers remained keen to buy on dips.

Tepid purchases and great arrivals, meanwhile, boosted stocks in Guangdong.

Stocks in Tianjin were barely changed as downstream consumers scaled back their purchases and focused on existing inventories.

As of January 6, social inventories of refined zinc across Shanghai, Tianjin and Guangdong shrank 500 mt from last Friday.

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.

For any inquiries or to learn 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

4 hours ago

JISCO Unveils China's First Zinc-Aluminum-Magnesium Product After Six Years of Research

4 hours ago

JISCO Achieves Breakthrough: Launches China's First Large-Scale Zinc-Aluminum-Magnesium Products

According to China News Service, on April 16, at the plant of Jiuquan Iron and Steel (Group) Co., Ltd. in Jiayuguan City, Gansu Province, automated equipment was producing a new generation of zinc-aluminum-magnesium products. It was reported that the group assembled a specialized team to tackle zinc-aluminum-magnesium technology. Against the backdrop of formidable external technical barriers and the absence of batch production track records in China, the team spent six years of intensive efforts to produce China's first coil of zinc-aluminum-magnesium products with proprietary intellectual property rights. At the end of 2025, JISCO's new generation of zinc-aluminum-magnesium products was unveiled. This product category represents the most technically challenging variety in the hot-dip galvanizing industry. JISCO is the only company in China to have achieved large-scale batch production, filling the technological gap in related fields in China. The products have been successfully applied in highly corrosive environments such as cooling towers, motor housings, energy storage, and offshore PV, and have been exported to multiple countries including Thailand, the Philippines, and Argentina.

4 hours ago

Ore supply remains tight, SHFE zinc center moves upward [SMM zinc morning comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened at 23,960 yuan/mt. At the beginning of the session, bears reduced positions, briefly pushing zinc prices up to touch a high of 24,070 yuan/mt. However, lacking upward momentum, SHFE zinc fluctuated downward throughout the session, hitting a low of 23,915 yuan/mt before finally closing at 23,935 yuan/mt, up 30 yuan/mt (0.13%). Trading volume dropped to 33,598 lots, while open interest fell by 3,378 lots to 63,962 lots.

4 hours ago