SMM7, March 3:
According to SMM, as of Friday, SMM's total zinc ingot inventory was 216600 tons, down 1800 tons from last Wednesday and 7300 tons from Monday.
Social inventories recorded a decline this week, mainly contributed by the Tianjin area. This week, the arrival of goods in the Shanghai area is relatively normal, the downstream purchase intensity has improved with the rising water falling, the out of the warehouse is better, the storage in Guangdong area is less, the consumption in the lower reaches is temporarily weak, and the overall decline has been recorded slightly. Tianjin area arrives less this week, mainly because the smelter actively shipped last week, this week slightly adjust the delivery rhythm, out of the warehouse is relatively normal. Overall, the original inventory in Shanghai, Guangdong and Tianjin increased by 600 tons, while the inventory in seven places across the country decreased by 1800 tons.
