SMM Analysis: Zinc Prices in March - Will They Defy the Trend Amid Rising TC and Recovering Downstream Consumption?

[SMM Analysis: Rising TC vs. Recovery in Downstream Consumption - Can Zinc Prices Defy the Trend in March?]

As of February 28, the most-traded SHFE zinc contract closed at 23,425 yuan/mt, down 230 yuan/mt for the month, a decline of 0.97%. Zinc prices in February first rose and then fell, hitting a low of 23,010 yuan/mt at the beginning of the month before climbing steadily to a high of 24,210 yuan/mt in late February, after which prices declined again. The price center for February shifted slightly downward. With the traditional peak consumption season approaching, how are zinc prices expected to perform in March?...