According to SMM research, as of this Friday (August 25th), the total

Published: Aug 25, 2023 14:32

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According to SMM research, as of this Friday (August 25th), the total inventory of SMM zinc ingots in seven places was 81,500 tons, down 17,800 tons from last Friday (August 18th) and down 12,300 tons from this Monday (August 21st), indicating a decrease in domestic inventory. This week continued to deplete the inventory, mainly due to the fact that downstream enterprises priced at low levels in the early stage and picked up the goods this week, and on the other hand, the water level in North China was high, and there was cross-regional circulation of Shanghai and Guangdong sources, with a large amount of goods in transit. It is expected that some smelters in the north have resumed production, and railway transportation has gradually resumed. In addition, with the opening of the import window, the inflow of imported zinc ingots will increase, and it is expected that the inventory will accumulate. Overall, SMM three places inventory year-on-year decreased 13,700 tons, seven places inventory year-on-year decreased 12,300 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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