[SMM data] SMM zinc bonded area inventory continued to drop by 6900 tons, recording a decline for four consecutive weeks.

SMM News:

According to a SMM survey, zinc stocks in the Shanghai bonded area fell 6900 tons to 93300 tons on Friday, down for four consecutive weeks, with a total drop of 15500 tons, and stocks in the bonded area returned to less than 100000 tons. After the end of delivery at the beginning of the week, the Shanghai-London ratio was revised down rapidly, and the import loss expanded rapidly, but judging from the circulation of the spot market, a small amount of imported zinc was still transferred into domestic circulation this week, and at the same time, it was heard that some of the imported zinc re-exports left the bonded area.