According to SMM research, as of this Friday (September 15th), the tot

Published: Sep 15, 2023 14:56

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According to SMM research, as of this Friday (September 15th), the total inventory of SMM zinc ingots in seven places was 96,200 tons, up 2,900 tons from last Friday (September 8th) and 3,200 tons from this Monday (September 15th), with a slight increase in domestic inventory. During the week, the increase in inventory was particularly obvious in Guangdong and Jiangsu regions. Due to the arrival of more market, and the high price of zinc, downstream enterprises were more cautious in purchasing, resulting in a significant increase in inventory. In addition, the decrease in inventory in Tianjin was mainly due to the fact that Zijin and Zhongse were still under repair, and the transportation of new Zijin was limited. In Zhejiang region, the proportion of factory to factory increased, and some warehouses could not be delivered, resulting in the relocation of warehouses. Generally speaking, the inventory of the original three places increased by 2,000 tons, and the inventory of seven places increased by 3,200 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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