【SMM Data】SMM April 1st News: According to SMM research, as of this Mo

Published: Apr 1, 2024 13:54

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【SMM Data】SMM April 1st News: According to SMM research, as of this Monday (April 1st), the total inventory of zinc ingots in seven locations monitored by SMM was 207,800 tons, an increase of 4,200 tons compared to March 25th, and an increase of 8,500 tons compared to March 28th. Domestic inventories have increased again. Shanghai's inventory increased significantly during the week, mainly due to continuous inflow of imported zinc ingots and a large number of arrivals at warehouses over the weekend, with general downstream deliveries, resulting in an overall increase in inventory. Guangdong's inventory decreased slightly, mainly due to fewer arrivals at Guangdong warehouses over the weekend and normal downstream deliveries, resulting in a slight decrease in overall inventory. Tianjin's inventory increased, as warehouses in Tianjin received normal shipments over the weekend, but with less deliveries due to poor weekend consumption, resulting in a further increase in overall inventory. Overall, inventories in the original three locations increased by 7,500 tons, and inventories in the seven locations increased by 8,500 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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