SHANGHAI, Jan 19 (SMM) – Inventories of zinc ingot across Shanghai-bonded areas fell 2,300 mt in the week ended January 17 to 71,400 mt, after a decline of 1,500 mt in the previous week.
Export shipments accounted for the inventory decline for the week.
The stocks have declined for two consecutive weeks, by a combined volume of 3,800 mt.
![Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]](https://imgqn.smm.cn/usercenter/EMwoI20251217171753.jpg)
![Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]](https://imgqn.smm.cn/usercenter/CGlrd20251217171755.jpg)

