SMM data: According to SMM research, as of Monday (August 7th), the to

Published: Aug 7, 2023 15:02

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SMM data: According to SMM research, as of Monday (August 7th), the total inventory of SMM zinc ingots in seven places was 125,900 tons, down 1,000 tons from last Friday (August 4th), and up 3,400 tons from last Monday (July 31st), indicating a decrease in domestic inventory. Among them, in the Shanghai area, the weekend inventory changed little, and the import zinc ingot shipment increased slightly, driving the inventory to decrease slightly; in the Guangdong area, domestic brands such as Kirin and Mengzi continued to arrive on weekends, downstream shipments were generally normal, and the overall inventory increased significantly; in the Tianjin area, the warehouse arrival on weekends was still relatively small, basically digesting the existing inventory, and the inventory continued to decrease; in addition, in the Zhejiang area, the weekend arrival was slightly less, and the shipment improved in the second half of the week, and the downstream weekend pickup increased, the inventory decreased by 2,800 tons. Generally speaking, the original Shanghai, Guangdong and Tianjin inventories increased by 1,100 tons, and the national seven inventories decreased by 1,000 tons.

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

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