SMM

[SMM Data] SMM News on April 28: According to SMM's communication and understanding, as of Monday (April 28) this week, the total zinc ingot inventory across seven locations tracked by SMM was 85,900 mt, a decrease of 7,100 mt from April 21 and an increase of 100 mt from April 24, with domestic inventory recording an increase. Over the weekend, imported zinc ingots arrived in the Shanghai region, driving up the overall inventory in warehouses. In the Guangdong region, inventory continued to decline due to fewer arrivals over the weekend. In the Tianjin region, arrivals were relatively normal while downstream entities gradually picked up goods, resulting in relatively small inventory changes. Overall, the original three-location inventory increased by 700 mt, and the seven-location inventory increased by 100 mt.