Normal arrivals coupled with fewer cargo pick-ups led to a continued increase in domestic inventory this week [SMM Weekly Review of Spot Zinc Ingot Inventory]

Published: Aug 15, 2025 16:26

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[Normal arrivals coupled with less cargo pick-up, domestic inventory continued to increase this week] According to SMM's communication and understanding, as of Thursday this week (August 14), the total inventory of zinc ingots in seven locations tracked by SMM was 129,200 mt, an increase of 16,000 mt from August 7 and an increase of 10,000 mt from August 11. Domestic inventory increased...

SMM August 15 News:

According to SMM's communication and understanding, as of Thursday this week (August 14), the total zinc ingot inventory across seven locations tracked by SMM was 129,200 mt, an increase of 16,000 mt from August 7 and an increase of 10,000 mt from August 11, indicating a rise in domestic inventory. This week, inventories in Shanghai, Guangdong, and Tianjin all saw notable increases. Arrivals in these three locations were relatively normal during the week, but downstream cargo pick-up was low due to the off-season consumption. Meanwhile, in Tianjin, influenced by the upcoming military parade, end-users' enthusiasm for purchasing and picking up goods was low. Overall, the original three locations' inventory increased by 9,900 mt, and the seven locations' inventory increased by 10,000 mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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