The low inventory has limited the downside room for zinc prices. On the other hand, sufficient raw materials and healthy profit at smelters fuelled market expectations over output growth.
Zinc prices should move rangebound in the medium and short term.
![Ningbo zinc: Traders sell casually, market premiums basically stable [SMM midday review]](https://imgqn.smm.cn/usercenter/cirme20251217171754.jpg)


