SMM4, April 27: according to SMM, as of Monday (April 27), the total inventory of zinc ingots in SMM Seven places was 237500 tons, down 9000 tons from last Friday (April 24) and 28100 tons from last Monday (April 20).
Overall over the weekend, inventories fell more sharply, but in essence they were more biased towards inventory transfer. Guangdong supplies to East China and North China, in addition, some alloy factories in Hunan also pull goods from Guangdong, some of the supplies are still on the way, is expected to arrive in other local warehouses or downstream enterprises within this week. Due to the drop in crude oil led to freight concessions, and the highway is about to restart tolls, it is expected that the cargo pull behavior may have a certain sustained trend. Tianjin area part of the supply to the warehouse, the lower reaches of the Shanghai area just need to buy to drive to the warehouse. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 6500 tons, while inventories in seven places nationwide fell by 9000 tons.