As of December 1, China's zinc ingots' social inventory of six districts decreased by 1,900 tonnes over Monday and 1,600 tonnes over last Thursday to 40,800 tonnes, according to Mysteel's survey.
| China Zinc Ingots Social Inventory in Major Markets (kt) | |||||
| District | 2022/12/2 | 2022/11/28 | Change 12.02 vs.11.28 |
2022/11/24 | Change 12.02 vs. 11.24 |
| Shanghai | 12.5 | 11.5 | 1.0 | 13.1 | -0.6 |
| Guangdong | 3.8 | 5.7 | -1.8 | 6.0 | -2.2 |
| Tianjin | 18.7 | 19.0 | -0.3 | 17.1 | 1.6 |
| Shandong | 2.5 | 2.8 | -0.3 | 2.8 | -0.3 |
| Zhejiang | 1.8 | 2.0 | -0.2 | 2.1 | -0.3 |
| Jiangsu | 1.5 | 1.8 | -0.3 | 1.4 | 0.1 |
| Total | 40.8 | 42.7 | -1.9 | 42.4 | -1.6 |
| Data Source: Mysteel | |||||
Though inventory in Shanghai increased, the overall inventory of six districts decreased, mainly from Guangdong and Tianjin. The arrival of goods in Shanghai was still less, and consumption was weak, so the inventory increased slightly.
In Guangdong, limited transportation affected the circulation of inventory, resulting in a decline in inventory. An increase in transportation days affected by the epidemic and low reserve willingness from downstream enterprises led to a small decrease in the inventory in Tianjin. Fewer goods were delivered due to the epidemic in Zhejiang, so the inventory was reduced.
Written by Durand Du, duxiaoyu@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com