Zinc ingot inventory in China’s seven major regions declined

According to an SMM survey, as of Thursday (December 5), the total zinc ingot inventory in seven regions surveyed by SMM was 94,700 mt, down 9,500 mt from November 28 and down 5,200 mt from December 2. Domestic inventory decreased. Inventories in Shanghai, Guangdong, and Tianjin decreased mainly due to continued low warehouse arrivals and sustained just-in-time procurement by downstream enterprises. Overall, the inventories in the three regions decreased by 4,900 mt, and the total inventory in the seven regions decreased by 5,200 mt.