SMM8 20 news, the third day of the week zinc social stocks dropped 22000 tons to 101200 tons last Monday, a significant decline. This fall was mainly contributed by Shanghai and Guangdong. The Shanghai area is down nearly 20,000 tons from last Monday. Main reasons: on the one hand, the recent decline in zinc prices is obvious, below the 20000 pass, refineries are cherished to sell less, downstream to replenish the warehouse, the willingness to take goods is OK, the overall input less and more; On the other hand, it is understood that although imports may arrive in the near future, some of them flow directly into the downstream, and some enter the delivery warehouses of non-zinc ingots for other metals, resulting in a relatively small amount of imported zinc ingots. On the whole, the social inventory of zinc in the three places is still relatively small.
Historical data reference website: data.smm.cn (login and download after registration)
