Home / Metal News / SMM Update on Zinc Ingot Social Inventory as of Mar 20

SMM Update on Zinc Ingot Social Inventory as of Mar 20

iconMar 20, 2023 18:42
Source:SMM
SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 165,000 mt as of today March 20, down 13,600 mt from a week earlier and 4,400 mt lower than last Friday.

SHANGHAI, Mar 20 (SMM) -  In Shanghai, downstream buyers, motivated by falling zinc prices, were passionate about picking up cargoes during the weekend. Therefore, the inventory in Shanghai posted a decline since the arrivals were stable. In Tianjin, the inventory changed little as both arrivals and outflows were high. In Guangdong, the market arrivals were flat, but only 1,000 mt were delivered to the warehouses when outflows were large. As a result, the inventory in Guangdong continued to slip. Overall, the total inventory in Shanghai, Guangdong and Tianjin fell 4,400 mt, and that across seven major markets in China was down 4,400 mt as well.

Inventory

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All