SMM7 March 20:
According to SMM, as of Monday, SMM's total zinc ingot inventory was 205100 tons, down 1600 tons from last Friday and 9100 tons from last Monday.
Inventory in seven places fell slightly over the weekend, mainly in Shanghai, Tianjin and Zhejiang. In Shanghai, due to floods in many places in China, affecting the pace of arrival, coupled with the small inflow of imported zinc, inventories continued to decline; the market in Guangdong remained high, but the price drop on Friday boosted downstream replenishment sentiment, with little change in inventory; in the lower reaches of Tianjin, there was an increase in bargain purchases and a slight decline in inventories. Overall, the original inventory in Shanghai, Guangdong and Tianjin fell by 2300 tons, while the inventory in seven places across the country dropped by 1600 tons.