Metals News
[SMM data] Zinc prices fall downstream to replenish Storage in the Lower reaches of the three places Zinc Social inventory declined significantly
translation
11:30AM
The content below was translated by Tencent automatically for reference.

SMM7, June 6, this Wednesday zinc social inventory fell 12200 tons from Friday to 112200 tons, Shanghai, Guangdong and Tianjin all recorded a decline. The main reason is that zinc prices have plummeted this week, smelters cherish to sell less, and maintenance is still more; after the import window is closed, the arrival of less goods, the overall storage volume is not much. The lower reaches slightly replenish the reservoir and drive the elimination of the reservoir. Zinc stocks in the three places decreased significantly.

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Zinc ingot
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