[Impacted by Sluggish Domestic Downstream Consumption, SHFE Zinc's Short-Term Center May Fluctuate Downward]: The most-traded SHFE zinc 2503 contract opened at 23,515 yuan/mt. After the opening, bulls and bears engaged in intense competition, with SHFE zinc trading below the daily moving average. The center fluctuated rangebound around 23,520 yuan/mt, briefly dipping to 23,470 yuan/mt. Subsequently, as bears reduced positions, SHFE zinc fluctuated upward, reaching a high of 23,810 yuan/mt. Later, as bulls reduced positions, SHFE zinc pulled back and ultimately closed lower at 23,470 yuan/mt, down by 220 yuan/mt or 0.92%. Trading volume increased to 141,000 lots, while open interest decreased by 3,414 lots to 90,690 lots.

[Tianjin Zinc: Futures Market Maintains Fluctuating Trend, Sluggish Trading Sentiment]: SMM January 27 News: The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,480-23,590 yuan/mt. Today, there were few traders offering goods in the market, with almost no quotations. The Tianjin market was on par with the Shanghai market...

[Ningbo Zinc: Last Trading Day Before the Holiday, SMM Wishes You a Prosperous Year of the Snake] The mainstream brand 0# zinc in the Ningbo market was traded at approximately 23,675-23,885 yuan/mt. Regular brands in Ningbo quoted a premium of 20 yuan/mt against the 2502 contract and a premium of 20 yuan/mt against Shanghai spot. Mainstream brands in Ningbo quoted prices against the 2502 contract...

[Guangdong Zinc: Few Market Quotations Amid Festive Atmosphere] SMM, January 27: The mainstream transaction price of Guangdong #0 zinc was around 23,450-23,590 yuan/mt. Mainstream brands quoted a premium of -20 yuan/mt against the 2503 contract and a premium of 20 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread narrowed...

[SMM Zinc Morning Comment] Last Friday, Ukrainian President: U.S. military aid to Ukraine has not stopped; Putin: Willing to discuss the Russia-Ukraine conflict and energy issues with Trump; White House: The Lebanon-Israel ceasefire agreement will remain effective until February 18, 2025; Foreign media: Houthi forces consider banning U.S. ships from passing through the Bab-el-Mandeb Strait as "retaliation"; Bank of Japan raised interest rates to the highest level in 17 years; Central Bank conducted 1-year MLF operations of 200 billion yuan; In the first month of implementing the new real estate tax policy, an additional tax reduction of 11.69 billion yuan was achieved...

[SMM Morning Meeting Summary: LME Zinc Center Moves Downward, Records a Four-Day Losing Streak] Last Friday, LME zinc opened at $2,850/mt. At the beginning of the session, LME zinc fluctuated upward above the daily moving average, reaching a high of $2,895/mt. Subsequently, bears increased their positions, causing LME zinc to fluctuate downward below the daily moving average, forming an inverted "V" reversal. By the end of the session, it hit a low of $2,822.5/mt and finally closed down at $2,823.5/mt, a decrease of $21/mt or 0.74%. Trading volume decreased to 73,040 lots, while open interest increased by 1,642 lots to 219,000 lots.

What Is the Chinese New Year Break Situation for Low-Grade Zinc Oxide and Zinc Calcine Companies? As the Chinese New Year holiday approaches, low-grade zinc oxide and zinc calcine companies are gradually planning their holiday schedules. According to SMM's communication, this time involves 10 low-grade zinc oxide companies, with a capacity of 308,000 mt...

[February Zinc Concentrate TC Negotiations Begin, Domestic and Imported TCs Continue to Rise]: February zinc concentrate TCs continued to rise, with the monthly average domestic TC for SMM zinc concentrates increasing by 500 yuan/mt (metal content) MoM to 2,400 yuan/mt (metal content), and the monthly average imported TC for SMM Zn50 rising by $45/dmt MoM to $25/dmt...

[SHFE Zinc Records a Bullish Candle, US Macro Data Worth Watching Tonight]: The most-traded SHFE zinc 2503 contract opened at 23,760 yuan/mt. In early trading, SHFE zinc fell to a low of 23,670 yuan/mt as bulls reduced positions. Subsequently, as bears reduced positions, SHFE zinc fluctuated upward, surpassing the daily moving average and reaching a high of 23,960 yuan/mt. By the end of the session, SHFE zinc slightly declined as bulls reduced positions, ultimately closing higher at 23,875 yuan/mt, up 170 yuan/mt or 0.72%. Trading volume decreased to 113,000 lots, and open interest fell by 6,347 lots to 94,106 lots...