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.
