SMM Seven-Region Zinc Ingot Social Inventory Decreased by 2,400 mt [SMM Data]

According to the SMM survey, as of Monday (December 9), the total zinc ingot inventory in the seven regions surveyed by SMM was 92,300 mt, a decrease of 7,600 mt from December 2 and a decrease of 2,400 mt from December 5, with domestic inventory recording a reduction. Inventory in the Shanghai region increased, mainly due to the arrival of goods at some warehouses over the weekend, leading to an overall increase in inventory. Inventory in the Guangdong and Tianjin regions decreased, mainly due to the continued low arrival of goods at warehouses over the weekend and the just-in-time picking up of goods by downstream enterprises, resulting in a continued decline in overall inventory. Overall, the original three-region inventory decreased by 1,400 mt, and the seven-region inventory decreased by 2,400 mt.