Zinc social inventories shrank 3,300 mt on week

Published: Jun 4, 2021 13:59

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 3,300 mt in the week ended June 4 to 152,200 mt. The stocks fell 2,200 mt from Monday May 31.

SHANGHAI, Jun 4 (SMM) – Zinc inventories in China fell this week.

Stocks in Shanghai decreased as arrivals of import zinc and domestic zinc were limited, and the downstream still had rigid demand. In south China's Guangdong, downstream demand weakened, which led to the decrease in stocks. Stocks in Tianjin fell as the rise in steel prices led to the recovery of some downstream orders and inventories of zinc ingots in enterprises were low, bringing about a certain purchasing demand.

Stocks across the three major trading hubs (Shanghai, Tianjin and Guangdong) fell 2,600 mt this week, after an 8,600 mt decrease last 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.

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