SMM data: According to SMM research, as of this Friday (November 17th)

Published: Nov 17, 2023 13:19

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SMM data: According to SMM research, as of this Friday (November 17th), the total inventory of SMM seven zinc ingots was 105,500 tons, an increase of 7,500 tons from November 10th and 700 tons from November 13th, with domestic inventory increasing. Among them, the increase in Shanghai market inventory was mainly due to the normal arrival of the market and the import supplement, while the high-priced zinc shipment was not smooth in the first half of the week, and the inventory accumulated; the inventory in Guangdong market decreased mainly due to the lack of arrival in the week, downstream procurement at low prices, and the inventory decreased; the inventory in Tianjin market decreased due to the transfer of warehouse during the delivery period. Generally speaking, the original three places increased by 1,300 tons and the seven places increased by 700 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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