SMM Seven-Region Social Inventory of Zinc Ingots Decreased by 5,600 mt [SMM Data]

【SMM Data】SMM reported on April 17: According to SMM communication, as of Thursday, April 17, the total zinc ingot inventory in seven regions monitored by SMM was 100,000 mt, a decrease of 2,100 mt compared to April 14 and a decrease of 5,600 mt compared to April 17, indicating a domestic inventory reduction. This week, the price center of zinc continued to decline, and downstream buyers showed high purchasing sentiment in the face of low prices. Inventories in Shanghai and Tianjin decreased significantly, while warehouse arrivals in Guangdong were relatively normal during the week. Meanwhile, downstream pick-up of goods was relatively low, resulting in relatively small inventory changes. Overall, the inventory in the original three regions decreased by 2,100 mt, and the inventory in the seven regions decreased by 5,600 mt.