SMM Analysis: Guangdong spot zinc inventory exceeds 26,000 tons. How a

Published: Mar 13, 2024 18:24

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SMM Analysis: Guangdong spot zinc inventory exceeds 26,000 tons. How are these zinc ingots allocated?

Recently, the spot inventory in Guangdong has slightly decreased. As of March 13th, the spot zinc inventory in Guangdong was 26,338 tons. According to the SMM survey, the current market consumption is not good, with a daily outbound quantity of around 1,000 tons, and it is decreasing day by day. Some of the zinc ingots included in the daily outbound quantity are still low-priced and have not been shipped out under signed contracts. The transaction situation is not good, and the reason for the zinc ingots piling up in the warehouse is that the holders did not show a strong willingness to ship.

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