[16 October SMM Zinc data]

[SMM Zinc Morning Meeting Summary: US Dollar Index Remains High, Pressuring LME Zinc Center Lower]: Overnight, LME zinc opened at $3,798.5/mt. After the open, LME zinc consolidated around the daily average. In the afternoon session, LME zinc drifted lower, hitting a low of $3,734/mt, then rebounded in a choppy fashion, reaching a high of $3,835/mt near the close, and finally settled up at $3,831.5/mt, up $27/mt, or 0.71%...

[SMM Zinc Morning Comment: Both Bullish and Bearish Factors Exist in Fundamentals, SHFE Zinc Continues to Consolidate] Overnight, the most-traded SHFE zinc 2611 contract opened at 26,220 yuan/mt, initially touching a high of 26,290 yuan/mt, then drifting lower after the open, hitting a low of 26,025 yuan/mt during the session, before rebounding from the low to near the daily average, and finally closing up at 26,170 yuan/mt, up 25 yuan/mt, or 0.1%, with trading volume increasing to 56,441 lots.

[Expectations for US Fed interest rate hikes and a weaker LME pressured SHFE zinc, while ore supply tightness supported a rebound from lows] The SHFE zinc 2611 contract opened at 26,180 yuan/mt in the daytime session, edged up to 26,200 yuan/mt in early trading, then pulled back to a low of 26,005 yuan/mt. After rebounding from the low, it moved sideways in a narrow range and closed at 26,145 yuan/mt, down 65 yuan/mt, or 0.25%. Trading volume decreased to 47,162 lots, and open interest fell by 3,474 lots to 123,000 lots......