According to SMM, as of Monday (April 13), the total inventory of zinc ingots in SMM4 Seven places was 286600 tons, down 2200 tons from last Friday (April 10) and 10800 tons from Tuesday (April 7).
This weekend inventory decline is mainly concentrated in the Shanghai area, near the weekend downstream enterprises have a strong willingness to replenish the warehouse, larger volume of purchases led to the warehouse; in addition, Guangdong and Tianjin areas have recorded a small accumulation of warehouses, Guangdong area is subject to weak downstream consumption, poor transactions; Tianjin area is mainly due to some smelters cherish sales, the pace of shipments significantly slowed down, offset by a small increase in and out. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 1600 tons, while inventories in seven places nationwide fell by 2200 tons.
