During the National Day holiday, SHFE zinc trading was suspended for the holiday, while LME zinc continued to rise to a yearly high. Specifically, after opening, LME zinc quickly climbed above $3,000/mt and then held up well with fluctuations, hitting a new yearly high of $3,048/mt during the period. As of Tuesday's close, LME zinc settled at $3,041.5/mt, with trading volume increasing to 13,813 lots and open interest rising to 223,000 lots compared to pre-holiday levels. As of Tuesday, LME zinc inventory decreased to 38,200 mt, down 2,750 mt from before the holiday, with the reduction mainly coming from Singapore warehouses.

With the National Day and Mid-Autumn Festival double holiday approaching, holiday arrangements for die-casting zinc alloy and zinc oxide enterprises have been successively released. The specific details are as follows:According to SMM, the holiday duration for enterprises during the National Day and Mid-Autumn Festival holidays ranged from 0 to 8 days, with an average of 4.4 days. A small number of enterprises are expected to have holidays exceeding 10 days. Overall, the holiday duration for die-casting zinc alloy enterprises this year increased by 1.6 days YoY compared to 2.8 days last year.

As of September 29, the most-traded SHFE zinc contract closed at 21,800 yuan/mt, down 340 yuan/mt for the month, a decline of 1.54%. Zinc prices remained stable and consolidated throughout September before starting a downward trend mid-month and hitting a low of 21,665 yuan/mt by the end of the month. How will zinc prices perform in October?

Coinciding with the National Day holiday, market attention is focused on downstream enterprises' stockpiling and holiday schedules. SMM has gathered the following information on the holiday arrangements of galvanizing enterprises

SMM Analysis：According to SMM data, as of September 26, the weekly average SMM Zn50 TC fell 200 yuan/mt in metal content MoM to 3,650 yuan/mt in metal content, while the imported zinc concentrate index rose $4.65/dmt MoM to $115.9/dmt. Domestic zinc concentrate TCs have already peaked and began a downward trend in October. What are the specific reasons.....

SMM September 26 News: After the August price increase, low-grade zinc oxide and zinc calcine prices have stabilized. What will be the subsequent price trend?

SMM Analysis：As the National Day and Mid-Autumn holidays approach, SMM conducted a survey on the operational status of downstream galvanized sheet enterprises during the holiday. This survey covered 20 galvanized sheet enterprises with a total capacity of 17.82 million mt. According to the survey results, most enterprises maintained normal production during the National Day holiday.....

SMM Analysis：According to the latest customs data, galvanized sheet exports in August 2025 reached 1.0975 million mt, with cumulative exports from January to August totaling 9.2182 million mt, up 10.96% YoY from 8.3074 million mt in the same period of 2024. Overall, domestic galvanized sheet exports in August saw a slight decline from July, aligning with prior market expectations.....