[SMM data] SMM zinc bonded area inventory continued to drop 200t, 7 consecutive weeks recorded a decline

SMM News:

Zinc stocks in the Shanghai Free Trade Zone fell 200 tons to 90500 tons on Friday from Friday, according to a SMM survey, a decline for seven weeks in a row. After the collapse of overseas structure, although the import loss has been greatly narrowed to about 300 to 500 yuan / ton, it is still far from the full opening of import profits, coupled with the clear expansion of domestic supply, the activity of the foreign trade market has not increased, and the willingness of traders to inquire about imports is on the low side.