According to SMM, as of Thursday (December 12), inventory in the Shanghai Bonded Zone was 8,600 mt, down 900 mt WoW. Although the import window briefly opened last week, allowing some imported zinc ingots to flow in, the overall inventory in the bonded zone decreased as some imported zinc ingots flowed into Shanghai where spot market supply was tight.


![톈진 아연: 아연 가격 반등, 하류는 여전히 신중 [SMM 정오 논평]](https://imgqn.smm.cn/usercenter/tAyyp20251217171754.jpg)
![광둥 아연: 선물 중심 상승, 현물 시장은 여전히 조용 [SMM 오후 논평]](https://imgqn.smm.cn/usercenter/XrnKf20251217171755.jpg)
