[SMM data] Social inventory of Zinc ingots in Seven places of SMM on April 30

Published: Apr 30, 2020 13:34 (GMT+8)
[SMM data] SMM, April 30 / PRNewswire-FirstCall-Asianet / according to SMM, as of Thursday (April 30), the total inventory of zinc ingots in Seven places was 229600 tons, down 19600 tons from last Friday (April 24) and 10600 tons from Monday (April 27).

SMM4, April 30 / PRNewswire-FirstCall-Asianet /-as of Thursday (April 30), the total inventory of zinc ingots in SIM7 was 229600 tons, down 19600 tons from Friday (April 24) and 10600 tons from Monday (April 27), according to SMM.

 

The decline in social inventories in Guangdong and Shanghai was mainly contributed by Guangdong and Shanghai, where a large number of goods were transferred to East and North China last week, some directly to downstream enterprises and some to social warehouses. On the one hand, the downstream enterprises in Shanghai are affected by the high-speed charges, on the other hand, there is the demand for May 1 to replenish the warehouse. Tianjin area arrives more goods, some Shanghai and Guangdong area supply arrives, the outlet maintains the normal, increases and decreases against each other recorded a small decline. Overall, inventories in Shanghai, Guangdong and Tianjin fell by 14900 tons, while inventories in seven places nationwide fell by 19600 tons.

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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