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Home / Metal News / Downstream Buying the Dip, Zinc Ingot Social Inventory Continues to Decline [SMM Weekly Review on Zinc Ingot Social Inventory]

Downstream Buying the Dip, Zinc Ingot Social Inventory Continues to Decline [SMM Weekly Review on Zinc Ingot Social Inventory]

iconJan 10, 2025 16:46
Source:SMM
[Downstream Buying the Dip, Zinc Ingot Social Inventory Continues to Decline]: According to the SMM survey, as of this Thursday (January 2), the total zinc ingot inventory across seven SMM regions was 64,500 mt, down by 700 mt compared to December 26, and up by 2,000 mt compared to December 30, with domestic inventory recording an increase...
SMM January 10 News: According to SMM communication, as of this Thursday (January 9), the total zinc ingot inventory across seven regions tracked by SMM stood at 58,000 mt, down by 6,500 mt from January 2 and 3,700 mt from January 6, with domestic inventory recording a decline. Inventories in three regions all decreased. During the week, zinc ingot arrivals at warehouses in the three regions showed no significant improvement. Coupled with a continuous decline in zinc prices, downstream enterprises bought the dip for restocking, leading to higher cargo pick-up volumes at warehouses in the three regions, further reducing zinc ingot inventory. Overall, the original three-region inventory decreased by 3,400 mt, while the seven-region inventory dropped by 3,700 mt. 》Subscribe to view SMM historical spot metal prices 

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