Downstream demand in North China is sluggish, and social inventory increases slightly [SMM Weekly Review of Spot Zinc Ingot Inventory]

SMM June 26 News:

       According to SMM's communication and understanding, as of Thursday this week (June 26), the total inventory of zinc ingots in seven regions tracked by SMM was 79,500 mt, a decrease of 100 mt from June 19 and an increase of 1,700 mt from June 23, with domestic inventory recording an increase. Among them, the arrival of goods in Tianjin region was normal during the week, but due to the weakening of downstream consumption, the outflows from warehouses slowed down, resulting in a significant increase in inventory. In contrast, Shanghai and Guangdong regions were affected by the relatively small arrival of goods during the week, with both regions experiencing a slight decrease in inventory. Overall, the inventory in the original three regions increased by 1,700 mt, and the inventory in seven regions increased by 1,700 mt.

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