[SMM data] the social inventory of zinc ingots in SMM Seven places is 14400 tons lower than last Friday.

Published: Apr 3, 2020 12:13

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[SMM data] according to SMM, as of Friday (April 3), the total inventory of zinc ingots in SIM7 was 292600 tons, down 11400 tons from Monday (March 30) and 14400 tons from last Friday (March 27).

SMM4, March 3: according to SMM, as of Friday (April 3), the total inventory of zinc ingots in SIM7 was 292600 tons, down 11400 tons from Monday (March 30) and 14400 tons from last Friday (March 27).

This week, the social inventory of Shanghai and Tianjin area decreased mainly. It is understood that the order of galvanized structure enterprises in Shanghai area is better this week, and the willingness to buy is strong. Tianjin area is mainly driven by large galvanizing factories to go to the warehouse, stack to join the amount of storage is less, the overall go to the warehouse is more significant. Most of the die-casting zinc alloy enterprises in Guangdong and Zhejiang are mainly die-casting zinc alloy enterprises, and the downstream orders are poor, which leads to the poor willingness of enterprises to prepare storage and the degree of storage removal is very little. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 11500 tons, while inventories in seven places nationwide fell by 14400 tons.

Zinc ingots inventory output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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