Lower arrivals coupled with cargo pick-up at terminals led to a slight decline in social inventory [SMM Weekly Review of Spot Zinc Ingot Inventory]

SMM News on May 22:

       According to SMM's communication and understanding, as of Thursday (May 22), the total zinc ingot inventory across seven locations tracked by SMM was 80,400 mt, a decrease of 5,900 mt from May 15 and a decrease of 3,400 mt from May 19, indicating a decline in domestic inventory. In the Shanghai region, there were fewer arrivals during the week, while downstream enterprises engaged in just-in-time procurement and continuously picked up goods, leading to a significant drop in inventory. In the Guangdong region, there were also fewer arrivals, resulting in a slight decrease in inventory. In the Tianjin region, the downstream procurement demand slowed down somewhat, combined with normal arrivals during the week, leading to a slight increase in inventory. Overall, the inventory across the original three locations decreased by 3,000 mt, while the inventory across seven locations decreased by 3,400 mt.

                                                                                                                                                》Click to view SMM Metal Industry Chain Database