Metals News
[SMM data] the social inventory of zinc in the lower reaches of the market has declined significantly in the three places where the goods have been picked up at low prices.
The content below was translated by Tencent automatically for reference.

SMM6, March 29, this Wednesday's zinc social inventory fell by 23900 tons from Friday to 124400 tons, all three places have fallen. Shanghai fell more sharply, down nearly 20,000 tons from Friday. The main reason is that zinc prices fell sharply in the first half of the week, refineries cherished sales, superimposed import arrivals decreased, and market arrivals were small. in terms of consumption, the lower reaches of the week showed a fair amount of goods in low stores, and inventories fell significantly. SMM expects imports to remain low next week and inventories to continue to decline slightly.

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