【SMM Data】SMM News on December 11th: According to SMM's research, as o

Published: Dec 11, 2023 13:35

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【SMM Data】SMM News on December 11th: According to SMM's research, as of this Monday (December 11th), the total zinc ingot inventory in seven SMM locations was 78,000 tons. This is a decrease of 7,700 tons compared to December 4th, and a decrease of 4,300 tons compared to December 8th, showing a reduction in domestic inventory. Over the weekend, inventory in Shanghai and Tianjin decreased, mainly due to downstream replenishment at low zinc prices before the weekend and continued delivery over the weekend, leading to a decrease in inventory. Although downstream enterprises in Guangdong continued to pick up goods over the weekend, there were more arrivals, resulting in an increase in inventory. Overall, the inventory in the original three locations decreased by 4,600 tons, and the inventory in the seven locations decreased by 4,300 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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