[SMM data] the social inventory of zinc ingots in SMM three places decreased after the festival.

SMM understands that as of Friday, the total inventory of zinc ingots in), SMM was 138900 tons, down 7200 tons from October 8.

From the point of view of the regional situation, there have been varying degrees of decline. From the downstream feedback, the intensity of environmental protection on National Day this year is relatively small, the situation in the lower reaches is higher than during the first two years of the National Day, the overall zinc price before the National Day is low, and the willingness to replenish warehouses downstream is good; on the other hand, there is a large loss in the import window this year, and the supply of imports in Shanghai has shrunk greatly, contributing to the reduction of some inventories.

Historical data reference website: data.smm.cn (login and download after registration)