Total zinc ingot inventory in the seven SMM regions decreased

According to the SMM survey, as of Thursday (June 13), the total zinc ingot inventory in the seven SMM regions was 196,000 mt, down 3,700 mt from June 6, and down 3,500 mt from June 11, with domestic inventory decreasing. Shanghai's zinc inventory decreased significantly, with fewer arrivals at Shanghai warehouses during the week, and downstream dip buying at low zinc prices; Guangdong's inventory also decreased, with fewer arrivals at warehouses during the week, and downstream dip buying; Tianjin's inventory increased significantly, mainly due to increased arrivals from Zijin during the week, although downstream continued to pick up goods. Overall, the original three regions' inventory decreased by 2,400 mt.