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Zinc Inventory Dropped 9,000mt on the Week

iconMar 18, 2022 19:50
Source:SMM
Total zinc inventories across seven markets stood at 276,200 mt as of Friday March 18, down 9,000 mt from March 11, down 9,500 mt from March 14.

Total zinc inventories across seven markets stood at 276,200 mt as of Friday March 18, down 9,000 mt from March 11, down 9,500 mt from March 14. Domestic inventory reduced. Overall, transport was hampered due to the pandemic. Among them, the arrivals of Shanghai market relatively reduced. Downstream transactions were improved while the zinc prices were at low and inventory reduced. Arrivals also reduced in Guangdong market, coupled with consumption, the overall inventory decreased. In the case of restricted arrivals in Tianjin market, consumption was not improved, but inventory declined slightly. Inventories in Shanghai, Guangdong and Tianjin dropped 8,000 mt, and inventories across seven markets decreased 9,000 mt.

zinc inventory
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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