SMM

SMM, Nov 22: According to an SMM survey, as of November 21, the total zinc ingot inventory in seven regions surveyed by SMM was 118,700 mt, down 8,700 mt from November 14 and 9,200 mt from November 18. Domestic inventory decreased. Inventories in Shanghai, Guangdong, and Tianjin all decreased, mainly due to the lack of significant improvement in arrivals in these three regions during the week. After deliveries were completed, a large number of warehouse warrants flowed into the market, and downstream enterprises bought the dip in the first half of the week, leading to significant inventory reductions in these three regions. Overall, the original three regions' inventory decreased by 7,400 mt, and the seven regions' inventory decreased by 9,200 mt.