Increased supply coupled with decreased demand leads to a continuous rise in zinc ingot inventory across seven locations [SMM Weekly Review of Spot Zinc Ingot Inventory]

SMM News on June 19:

According to SMM's communication and understanding, as of Monday (June 19), the total zinc ingot inventory across seven locations tracked by SMM was 79,600 mt, an increase of 2,500 mt from June 12 and an increase of 1,500 mt from June 16, indicating a rise in domestic inventory. During the week, arrivals in the Guangdong region increased, but downstream demand gradually weakened, leading to a significant increase in inventory. In the Tianjin region, overall arrivals were normal, but downstream demand also weakened, resulting in a slight increase in inventory. In the Shanghai region, due to fewer arrivals during the week, inventory slightly decreased. Overall, inventory in the original three locations increased by 1,400 mt, and inventory across seven locations increased by 1,500 mt.

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