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[SMM data] Social inventory of Zinc ingots in SMM Seven places is down 6800 tons from last Friday
Apr 10,2020 11:19CST
translation
Source:SMM
[SMM data] SMM, April 10 / PRNewswire-FirstCall-Asianet / according to SMM, as of Friday (April 10), the total inventory of zinc ingots in Seven places was 285800 tons, down 6800 tons from last Friday (April 3) and 11600 tons from Tuesday (April 7).
The content below was translated by Tencent automatically for reference.

SMM4, April 10 / PRNewswire-FirstCall-Asianet / according to SMM, as of Friday (April 10), the total inventory of zinc ingots in SIM7 was 285800 tons, down 6800 tons from last Friday (April 3) and 11600 tons from Tuesday (April 7).

This week, the reduction is mainly concentrated in Shanghai and Tianjin, Guangdong recorded a small accumulation of storage. The arrival situation in Shanghai area is basically normal this week. The order situation of large galvanized pipe factories and some galvanized iron towers and rail enterprises is better, which obviously leads to the decline of inventory. The decline in inventory in Tianjin is mainly due to more orders from large galvanized enterprises and maintain a higher operating rate as a whole. in addition, superimposed some brands supply only downstream proportion to increase, as well as slightly cherish the sale of the situation, the overall volume of goods also decreased; From the point of view of Guangdong, due to the obvious decline in orders of downstream die-casting zinc alloy enterprises, external demand has been seriously frustrated, and the overall willingness to buy is relatively weak. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 7200 tons, while inventories in seven places nationwide fell by 6800 tons.

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