Zinc social inventories remained unchanged over weekend

Published: Jun 28, 2021 14:14

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SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei remained unchanged from last Friday June 25 to stand at 116,500 mt as of Monday June 28. The stocks were down 6,400 mt from June 21.

SHANGHAI, Jun 28 (SMM) – Zinc inventories in China remained unchanged over the weekend.

Stocks in Shanghai decreased sharply as the inflow of imported zinc was limited, and the downstream still picked up the goods which were purchased at low prices in the previous period. In south China's Guangdong, downstream demand weakened and market arrivals improved, which led to a slight increase in stocks. Stocks in Tianjin continued to pile up as downstream demand was moderate, and smelters delivered goods normally.

Compared to last Friday, social inventories of refined zinc across the three major trading hubs (Shanghai, Tianjin and Guangdong) decreased 1,500 mt.

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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