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[SMM data] Social inventory of Zinc ingots in Seven places of SMM on April 17
Apr 17,2020 12:15CST
translation
Source:SMM
[SMM data] according to SMM, as of Friday (April 17), the total inventory of zinc ingots in Seven places was 272200 tons, down 13600 tons from last Friday (April 10) and 11400 tons from Monday (April 13).
The content below was translated by Tencent automatically for reference.

SMM4, April 17: according to SMM, as of Friday (April 17), the total inventory of zinc ingots in SMM Seven places was 272200 tons, down 13600 tons from last Friday (April 10) and 11400 tons from Monday (April 13).

This week, the reduction of storage is mainly concentrated in Shanghai and Guangdong, and the willingness to buy in the lower reaches of Shanghai this week is strong, mainly concentrated in the galvanized pipe and other galvanized structural parts industry, driving the outflow of storage higher. In addition, due to the small amount of storage in Guangdong, on the one hand, the proportion of smelter direct hair downstream increases, on the other hand, because an alloy enterprise in Hunan buys more zinc ingots from Guangdong, the overall storage volume decreases. Tianjin area downstream just need to buy, galvanized plate orders improved to drive to the warehouse. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 13200 tons, while inventories in seven places nationwide fell by 13600 tons.

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