On February 10, 2026, zinc inventory on the Shanghai Futures Exchange was 34,235 tons, an increase of 2,971 tons compared to the previous trading day. Among them, inventory in the Shanghai region was 2,345 tons, an increase of 1,572 tons; inventory in the Guangdong region was 4,564 tons, unchanged; inventory in the Jiangsu region was 99 tons, an increase of 99 tons; inventory in the Zhejiang region was 0 tons, unchanged; and inventory in the Tianjin region was 27,227 tons, an increase of 1,300 tons.

PriceSeek's analysis of zinc shows a long-short score of -1.5. Zinc inventory on the Shanghai Futures Exchange increased by 2,971 tons to 34,235 tons, a rise of approximately 8.7%. Among the regions, Shanghai, Jiangsu, and Tianjin saw increases of 1,572 tons, 99 tons, and 1,300 tons, respectively, indicating an increased risk of oversupply. Rising inventory typically reflects weak demand or increased supply, exerting significant downward pressure on spot zinc prices. It is expected that short-term prices may face downward pressure.