[SMM Data] On June 17th, SMM reported that according to SMM research,

Published: Jun 17, 2024 14:19

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[SMM Data] On June 17th, SMM reported that according to SMM research, as of this Monday (June 17th), the total inventory of zinc ingots in seven places of SMM was 196,900 tons, a decrease of 2,600 tons compared with June 11th, and an increase of 900 tons compared with June 13th, with an increase in domestic inventory. The inventory in Shanghai decreased significantly, with less arrivals at warehouses at the weekend and downstream rigid demand for pick-up, leading to a continuous decrease in inventory. The inventory in Guangdong increased, with few arrivals at warehouses at the weekend, but downstream demand for low-price stocks was basically satisfied last week, resulting in a slight increase in inventory. The inventory in Tianjin increased significantly, with normal arrivals at warehouses, but downstream purchasing sentiment weakened, spot transactions were general, and inventory increased. Overall, the inventory in the original three regions increased by 1,000 tons, and the inventory in the seven regions increased by 900 tons.

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