Total zinc ingot inventory in seven regions in China

According to SMM survey, as of Thursday February 29, the total zinc ingot inventory in seven regions in China was 174,100 mt, an increase of 11,800 mt from February 22, and an increase of 4,000 mt from February 26. Inventories in Shanghai, Guangdong, and Tianjin continued to increase during the week. New long-term orders were executed last week, and more cargoes arrived. Although post-holiday consumption has basically fully recovered last week, downstream buyers worked through inventory restocked before the holiday. The overall downstream demand was not strong, and domestic zinc ingot social inventory continued to increase. Inventories in Shanghai, Guangdong and Tianjin rose 6,000 mt.