Inventory of Zinc Rose 500 mt from April 15

SHANGHAI, Apr 22 (SMM) - Total zinc ingots inventories across seven markets stood at 283,600 mt as of Friday April 22, up 500 mt from April 15, down 400 mt from April 18. The slight decrease in domestic inventory was mainly from warehouses in Jiangsu. While Shanghai was still in a lockdown, the market turned to pick up goods in Jiangsu, resulting in the decreases in inventory of Jiangsu. In Shanghai, there were only a small amount of railway arrivals due to the lockdown. In addition, Yuqiang indicated that it has been available for pick-up by appointment, but no shipments have been seen, which lead to a slight increases in inventory. In Tianjin, the arrivals reduced slightly with the market purchasing on rigid demand. The inventory decreased slightly amid weak supply and demand. In Guangdong, the arrivals declined slightly and the inventory picked up because of the moderate consumption. Inventories in Shanghai, Guangdong and Tianjin rose 900 mt, and inventories across seven markets decreased 500 mt.