SMM7 March 10:
According to SMM, as of Friday, SMM's total zinc ingot inventory was 212400 tons, down 4200 tons from last Friday and 5300 tons from Monday.
Inventory fell in July, mainly in Shanghai and Guangdong, with a slight increase in Jiangsu and Zhejiang. The rising water in the Shanghai area fell in the first half of the week, the willingness of downstream enterprises to buy improved, and the overall purchase led to a small amount out of the warehouse; the purchase of downstream enterprises in Guangdong gradually picked up, and the transfer of goods to other regions did not happen this week, mainly because the price gap between Shanghai and Guangdong narrowed; Tianjin received less goods this week, and shipments were more normal. Overall, the original inventory in Shanghai, Guangdong and Tianjin fell by 5100 tons, while the inventory in seven places across the country dropped by 4200 tons.
