SMM5 March 22: according to SMM, as of Friday, the total inventory of SMM zinc ingots in Seven places was 225700 tons, down 1600 tons from last Friday and 9900 tons from Monday.
Zinc prices are strong and volatile this week, and the overall purchasing efforts of downstream enterprises are relatively limited. With the exception of a drop of 4400 tons in Guangdong, Shanghai and Tianjin both recorded small increases this week. Guangdong is mainly due to the small volume of goods, the smelter straight downstream proportion increased, and part of the source of goods to Fujian and other areas downstream. Shanghai and Tianjin are mainly due to the increase in the inflow of some imported zinc ingots, the superimposed downstream enterprises have a strong willingness to wait and see, and the overall purchasing strength is weak. Overall, the original inventory in Shanghai, Guangdong and Tianjin fell by 1200 tons, while the inventory in seven places across the country dropped by 1600 tons.