According to SMM, as of July 25, the inventory in the Shanghai bonded zone was 17,000 mt, flat from a week ago. Recently, the import window for domestic zinc ingots has opened, but no imported zinc ingots flowed in during the week, and the bonded zone inventory stabilized.


![톈진 아연: 아연 가격 반등, 하류는 여전히 신중 [SMM 정오 논평]](https://imgqn.smm.cn/usercenter/tAyyp20251217171754.jpg)
