SMM5, April 6: as of the first day after May 1 holiday (May 6), the total inventory of zinc ingots in SIM7 was 236200 tons, an increase of 9300 tons over the last day before the festival (April 30) and a decrease of 1300 tons from last Monday (April 27), according to SMM.
During the May Day holiday period, inventory in seven places across the country increased overall, mainly in Guangdong and Tianjin. Due to less stock downstream, Guangdong was slightly accumulated as a whole. The increase in warehousing in Tianjin was mainly due to the arrival of some sources of goods from Guangdong and Shanghai in the early stage. Shanghai has just recorded a small decline in acquisition and purchase by downstream enterprises. Overall, the original Shanghai, Guangdong and Tianjin inventory increased by 9100 tons, the national seven places inventory recorded an increase of 9300 tons.