According to SMM, as of Aug 1, the inventory in the Shanghai bonded zone was 13,000 mt, down 5,000 mt from a week ago. Although the import window was closed during the week, previously priced imported zinc ingot shipments continued to flow out, leading to a decrease in bonded zone inventory.

![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)
