A zinc smelter in central China plans to conduct maintenance in mid-June

[Peru's "Gas Shortage" Energy Crisis Disrupts Zinc Concentrates Supply] Due to a rupture in Peru's natural gas pipeline (Megantoni district, Cusco province), the country fell into a "gas shortage" predicament, with electricity production and fuel supply severely affected. State-owned oil company Petroperú plunged into a serious financial crisis, and Peru is facing a severe nationwide energy crisis.

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2606 contract opened at 24,255 yuan/mt. At the beginning of the session, bulls increased open interest, and SHFE zinc fluctuated upward all the way to a high of 24,550 yuan/mt before trading in a range. It finally closed up at 24,445 yuan/mt, gaining 360 yuan/mt or 1.49%. Trading volume fell to 76,020 lots, and open interest increased by 4,663 lots to 88,353 lots.

[SMM Morning Meeting Minutes: Market Concerns Over Supply Intensify, LME Zinc Rallies] Overnight, LME zinc opened at $3,437/mt. Early in the session, LME zinc fluctuated downward, reaching a low of $3,405/mt during European trading hours. Subsequently, bulls increased their positions, and LME zinc fluctuated upward throughout, touching a high of $3,488/mt near the close. It finally closed up at $3,482/mt, up $41/mt, or 1.19%. Trading volume increased to 11,012 lots, and open interest rose by 1,090 lots to 241,000 lots.