SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 93,700 mt as of Friday November 24, down 11,800 mt from November 17 and down 9,900 mt from November 20. The overall inventory decline during the week was mainly due to the sharp drop in zinc prices. Downstream companies increased their inventory replenishment on dips, and the inventory dropped significantly. Inventory in Shanghai, Guangdong and Tianjin fell by a combined 8,900 mt.
Social inventories of zinc ingots across seven major markets in China declined
- Nov 27, 2023, at 4:42 pm
- SMM
SMM data shows that social inventories of zinc ingots across seven major markets in China totalled 93,700 mt as of Friday November 24, down 11,800 mt from November 17 and down 9,900 mt from November 20.
