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SMM5, March 8: as of Friday (May 8), the inventory of zinc ingots in Shanghai Free Trade Zone was 65500 tons, down 6100 tons from before the festival, according to SMM.
It is understood that after the festival import window opened, foreign trade activity warming, profit driven by the rapid transfer of imported zinc into domestic circulation, Shanghai stock market has more imported zinc circulation this week. As of this week, inventories in the bonded area had decreased for three consecutive weeks, totaling 10900 tons.
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