【SMM Data】SMM News on January 15th: According to SMM research, as of t

Published: Jan 15, 2024 13:21

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【SMM Data】SMM News on January 15th: According to SMM research, as of this Monday (January 15th), the total inventory of zinc ingots in seven SMM regions was 76,200 tons, a decrease of 5,000 tons compared to January 8th and a decrease of 10,000 tons compared to January 12th. Domestic inventory decreased. The inventory in Shanghai area decreased significantly, mainly due to fewer arrivals over the weekend and low zinc prices, leading downstream enterprises to increase purchases at low prices and gradually withdraw goods over the weekend, resulting in an overall decrease in inventory. Inventory in Guangdong area increased, mainly due to increased arrivals from smelters over the weekend and normal withdrawals by downstream enterprises, resulting in a slight increase in inventory. Although there are environmental protection restrictions in downstream areas, there are still inter-regional transfers in Tianjin area, resulting in a slight decrease in inventory. Overall, the inventory in the original three regions decreased by 1,800 tons, and the inventory in seven regions decreased by 10,000 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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