SMM Data: According to SMM research, as of Monday (August 21), the tot

Published: Aug 21, 2023 14:21

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SMM Data: According to SMM research, as of Monday (August 21), the total inventory of SMM seven zinc ingots was 93,800 tons, down by 5,500 tons from last Friday (August 11), and domestic inventories decreased. During the weekend, domestic inventories continued to be shipped out, mostly due to the collective shipment after downstream enterprises priced last week. Entering this week, with the opening of the import window, coupled with the end of downstream stocking and the rise in zinc prices, it is expected that the pace of inventory reduction will gradually slow down.

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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