SMM zinc industry data

[SMM Zinc Morning Session Summary: Nonferrous Metals Mostly Decline, LME Zinc Center Shifts Lower] Overnight, the LME zinc contract opened at $3,416.5/mt. After opening, it fluctuated upward to a high of $3,449/mt, then traded with wide swings around the daily average. Approaching the session's close, LME zinc fell rapidly, touched a low of $3,356.5/mt, and maintained a fluctuating trend, finally closing down at $3,381.5/mt, a decrease of $36.5/mt, or 1.07%...

[SMM Zinc Morning Comment: Zinc Ingot Inventory Continues Accumulating, SHFE Zinc Weakens in Night Session] Overnight, the most-traded SHFE zinc 2604 contract opened at 24,725 yuan/mt. After opening, SHFE zinc fluctuated above the daily average line, reaching a high of 24,765 yuan/mt during the session, then quickly pulled back, approaching a low of 24,420 yuan/mt near the close, and finally closed down at 24,500 yuan/mt, falling 170 yuan/mt.

According to an announcement issued by the Ministry of Finance and the State Taxation Administration, starting from April 1, 2026, the VAT export tax rebates for products such as ceramics and PV will be fully abolished (the original rebate rates were mostly 9%–13%).