[SMM data] there is a pre-section reserve in the lower reaches of the river. The social inventory of zinc in the three places has dropped slightly.

[SMM Zinc Morning Meeting Minutes: Uncertain Prospects for US-Iran Negotiations, LME Zinc Center Shifted Slightly Lower]: Overnight, LME zinc opened at $3,415/mt. Early in the session, LME zinc dipped to $3,396/mt before quickly rallying to touch a high of $3,460/mt, then pulled back again in volatile trading. Toward the end of the session, LME zinc fell below the daily average line, ultimately closing lower at $3,414/mt, down $15/mt, a decline of 0.44%...

[SMM Zinc Morning Comment: Zinc Ingot Inventory Increased on Monday, SHFE Zinc Maintained Fluctuating Trend] The most-traded SHFE zinc 2606 contract opened at 24,150 yuan/mt. After the opening, SHFE zinc fluctuated upward, touching a high of 24,270 yuan/mt in the early session. It then pulled back continuously from the high, probing a low of 24,135 yuan/mt near the end of the session, and finally closed lower at 24,180 yuan/mt, down 25 yuan/mt, a decline of 0.1%.

According to the latest customs data, in the first quarter of 2026, China's imports of die-casting zinc alloys reached 8,062 metric tons, representing a year-on-year cumulative decrease of 26.66%. Meanwhile, exports stood at 1,720 metric tons, posting a year-on-year cumulative increase of 89.64%.