SMM7 March 24:
According to SMM, as of Friday, SMM's total zinc ingot inventory was 198900 tons, down 7800 tons from last Friday and 6200 tons from Monday.
Inventory in Seven places recorded a large decline this week, mainly contributed by Shanghai and Tianjin. The Shanghai area dropped more than 4000 tons, mainly because the arrival of goods was affected by the flood in the south, and the pace of entering the warehouse was affected, while the willingness of downstream enterprises to buy every decline this week improved, recording an overall decline. Tianjin area is subject to a slight problem with the arrival of the warehouse, the amount of incoming goods is reduced, and the output of the warehouse is relatively normal. The lower reaches of Guangdong has gradually warmed up, and the willingness to buy has improved, recording a slight decline. Overall, the original inventory in Shanghai, Guangdong and Tianjin fell by 7800 tons, while the inventory in seven places across the country dropped by 7800 tons.