News summary
Zinc ingot inventories fell 0freecasinoslotgames.54 million tons to 21freecasinoslotgames.04 million tonsfreecasinoslotgames, Shanghai and Guangdong have significantly removed warehouses, while Tianjin's inventories have increased slightly.
Newsletter text
This week, zinc ingot inventories in China's seven major regions fell slightly to 210,400 tons.
The inventory report showed that from May 20 to Monday, zinc ingot inventories fell by 5,400 tons. Immediately after, with May 23freecasinoslotgamesCompared with the data of 2,500 tons, the inventory volume has decreased by another 2,500 tons. This data shows that domestic zinc ingot stocks are gradually decreasing.
Zinc ingot inventories in Shanghai have decreased significantly. Although the arrival of domestic zinc ingots remains normal, the outbound volume of imported zinc ingots has increased, which has promoted a significant decline in inventories. At the same time, zinc ingot inventories in Guangdong also showed a downward trend, mainly due to the decrease in warehouse arrivals over the weekend and the continuous demand from downstream companies, resulting in a slight decline in inventories.
Inventories in Tianjin increased unexpectedly. Although warehouse deliveries were normal over the weekend, zinc prices remained high, resulting in a decrease in purchases by downstream companies, which ultimately affected the growth of inventories. Comprehensive analysis shows that inventories in the three regions dropped by a total of 1,900 tons, while the overall inventories in the seven regions dropped by a total of 2,500 tons, reflecting the overall trend of de-warehousing in the market.
