Chinese New Year Smelters Operate Normally, Zinc Ingots See Continuous Inventory Buildup [SMM Zinc Ingot Social Inventory Weekly Review]

Feb 07, 2025, at 3:33 pm

[Normal Production at Smelters During Chinese New Year, Continuous Inventory Buildup of Zinc Ingots]: According to SMM communication, as of this Thursday (February 6), the total zinc ingot inventory across seven regions monitored by SMM reached 107,000 mt, an increase of 44,400 mt compared to January 23 and an increase of 36,600 mt compared to January 27, with domestic inventory recording a rise...

SMM February 7 News: According to SMM communication, as of this Thursday (February 6), the total zinc ingot inventory across SMM's seven regions reached 107,000 mt, up 44,400 mt from January 23 and up 36,600 mt from January 27, with domestic inventory recording an increase. Zinc ingot inventories in all seven regions rose MoM, mainly due to reduced purchases and cargo pick-up by downstream enterprises during the Chinese New Year holiday, while smelters maintained normal production and continued deliveries to social warehouses, leading to a significant MoM increase in zinc ingot inventory. Overall, inventories in the original three regions increased by 32,300 mt, while inventories in the seven regions increased by 36,600 mt. 》Subscribe to View SMM Historical Spot Metal Prices

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