On February 6, 2026, zinc inventory on the Shanghai Futures Exchange was 31,088 tons, an increase of 598 tons compared to the previous trading day. Among them, inventory in Shanghai was 773 tons, unchanged; inventory in Guangdong was 4,564 tons, an increase of 1,366 tons; inventory in Jiangsu was 0 tons, a decrease of 198 tons; inventory in Zhejiang was 0 tons, unchanged; and inventory in Tianjin was 25,751 tons, a decrease of 570 tons.
PriceSeek Analysis of Zinc, Bull-Bear Score: -1
The article indicates that on February 6, 2026, the total zinc inventory on the Shanghai Futures Exchange increased by 598 tons to 31,088 tons, with a significant increase of 1,366 tons in Guangdong, suggesting rising supply-side pressure. Inventory accumulation typically reflects insufficient market demand or oversupply, exerting downward pressure on spot prices and potentially leading to short-term price pressure. The score is -1 (generally bearish), as the inventory increase is relatively moderate but the overall trend is negative, which may dampen buyer purchasing sentiment.
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