Continuous arrivals across regions coupled with lower downstream cargo pick-up led to a further increase in domestic inventory [SMM Zinc Ingot Spot Inventory Weekly Review]

SMM Aug 29:

        According to SMM research, as of Thursday (Aug 28), the total zinc ingot inventory across seven major markets tracked by SMM stood at 144,500 mt, up 11,600 mt from Aug 21 and 6,000 mt from Aug 25, showing an overall domestic inventory increase. During the week, futures fluctuated, leading to weak downstream purchasing enthusiasm with limited purchase and cargo pick-up activities. Coupled with continuous arrivals across regions, inventories in Shanghai, Guangdong, and Tianjin all recorded notable increases. Overall, the original three-market inventory rose by 5,800 mt while the seven-market inventory increased by 6,000 mt.