Downstream recovery slows growth in social inventories of refined zinc

Published: Mar 4, 2019 15:28

Save

Arrivals grew social inventories across Shanghai, Guangdong and Tianjin over the weekend

SHANGHAI, Mar 4 (SMM) – Social inventories of refined zinc across Shanghai, Guangdong and Tianjin continued to expand over the weekend, bolstered by arrivals, but downstream recovery slowed the growth from a week earlier.

SMM data showed that social inventories of refined zinc across the three areas rose 3,300 mt from Friday March 1 and increased 5,700 mt from Monday February 25 to stand at 218,100 mt as of Monday March 4.

These compared with growth of 4,100 mt on the weekend and 19,200 mt week on week as of Monday February 25.

Further downstream recovery will continue to slow growth in social inventories this 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.

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

Jun 18, 2026 19:05

East China Zinc Market Sees Surplus, Low Premiums Amid Weak Off-Season Demand

[East China Refined Zinc Market] The east China market saw an overall surplus of zinc ingots this week. Traders adopted a passive selling approach, with spot premiums hovering at lows. Meanwhile, downstream consumption of zinc in east China showed weak performance during the off-season, leading to poor spot transactions throughout the week.

Jun 18, 2026 19:05

Jun 18, 2026 19:04

Imported Zinc Supply Disruptions Persist, Offers Scarce Amid Smelter Hesitation

[Imported Zinc Concentrate Market] Overseas ore supply disruptions have persisted recently. Offers for imported ore remained scarce this week, with some heard quoted at around -$80 to -$90/dmt, but smelters held a strong wait-and-see sentiment, keeping overall trading activity sluggish during the week.

Jun 18, 2026 19:04

China's Zinc Concentrate TCs Decline Continues Amid Ongoing Domestic Ore Shortage

[China's Zinc Concentrate Market] This week, China's zinc concentrate TCs extended their decline. In June, some domestic smelters conducted routine maintenance and cut production, but the overall refined zinc output did not drop significantly MoM. The domestic ore shortage has yet to ease, and close attention will be paid to the operating conditions of smelters going forward.

Jun 18, 2026 19:04