SMM March 20 Zinc Ingot Inventory Declines Amid Price Drop and Improved Demand

Published: Mar 20, 2025 15:01

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[SMM Data] SMM March 20 News: According to SMM communication, as of this Thursday (March 20), the total zinc ingot inventory in seven locations was 131,000 mt, a decrease of 4,900 mt from March 13 and 7,800 mt from March 17, with domestic inventory recording a decline. During the week, arrivals in Shanghai and Guangdong were normal, but the decline in zinc prices coupled with the gradual recovery of end-use consumption prompted downstream buyers to restock at lower prices, leading to an increase in spot purchases and improved market trading sentiment. In Tianjin, inventory decreased significantly due to reduced arrivals and increased low-price purchases by downstream consumers. Overall, the three original locations saw a reduction of 7,100 mt, while the seven locations experienced a decrease of 7,800 mt.

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