SHANGHAI, Oct 8 (SMM) – Social inventories of refined zinc across Shanghai, Tianjin and Guangdong increased during the week-long National Day holiday, as they rose 10,200 mt from September 30 and stood at 146,100 mt on Tuesday October 8, showed SMM data.
Guangdong and Tianjin accounted for the higher stocks. Inventories in Shanghai barely changed from the pre-holiday level as stockpiling across downstream consumers in Jiangsu, Zhejiang, and Shanghai offset arrivals at smelters.
![Geopolitical Disruptions Combined with Trade Disturbances Drive SHFE and LME Prices Higher [SMM Market Review - Zinc Price Weekly Commentary]](https://imgqn.smm.cn/usercenter/nGzXc20251217171754.jpg)
![No Significant Production Cuts at Smelters in May, Zinc Concentrate TCs Continue to Decline [SMM Zinc Concentrates Weekly Review]](https://imgqn.smm.cn/usercenter/PEqzX20251217171755.jpg)
![Zinc Oxide Production Relatively Stable but Enterprise Profit Margins Narrow [SMM Zinc Oxide Weekly Review]](https://imgqn.smm.cn/usercenter/EviJV20251217171754.jpg)
