Zinc ingot inventory across China’s seven major regions rose WoW

According to an SMM survey, as of Thursday (October 24), SMM zinc ingot inventory at seven locations totaled 125,900 mt, up 4,100 mt from October 17 and flat compared to October 21. Shanghai inventory recorded a slight increase, with limited warehouse arrivals and poor downstream procurement due to high zinc prices, resulting in minimal overall inventory changes. Guangdong inventory decreased due to reduced arrivals and downstream restocking as needed, leading to a slight decline in overall inventory. Tianjin inventory decreased despite reduced raw material demand from galvanising enterprises affected by environmental protection measures, as transportation disruptions continued, leading to fewer arrivals and overall inventory decline. Overall, inventory in the three regions decreased by 900 mt, while inventory at seven locations remained flat WoW.