SMM Seven-Region Social Inventory of Zinc Ingots Decreased by 7,200 mt [SMM Data]

SMM Data: As of Thursday, April 24, the total zinc ingot inventory across seven regions monitored by SMM stood at 85,800 mt, down 14,200 mt from April 17 and 7,200 mt from April 21, indicating a decline in domestic inventory. During the week, arrivals in Shanghai and Guangdong were relatively low, leading to significant inventory reductions in these areas. In Tianjin, arrivals increased slightly, but downstream purchasing enthusiasm weakened due to previous low-price restocking, resulting in relatively small overall inventory changes. Overall, inventory in the original three regions decreased by 6,400 mt, while the seven-region inventory decreased by 7,200 mt.