[SHFE Zinc Edged Lower with Focus on Subsequent Consumption Performance] The most-traded SHFE zinc 2510 contract opened at 22,370 yuan/mt. In early trading, it touched a high of 22,390 yuan/mt before declining steadily to hover near the daily average line, maintaining a fluctuating trend along the line. Approaching the close, it dipped to a low of 22,275 yuan/mt and finally settled at 22,285 yuan/mt, down 80 yuan/mt (0.36%). Trading volume decreased to 58,602 lots, while open interest dropped by 1,973 lots to 105,000 lots...

Futures: LME copper opened at $9,873.5/mt overnight, initially touched a low of $9,851/mt at the beginning of the session, then rose all the way and touched a high of $10,015/mt near the end of the session, finally closed at $10,013.5/mt, up 1.4%, with trading volume reaching 26,000 lots and open interest reaching 277,000 lots.

[SMM Zinc Morning Comment] Overnight, SHFE zinc recorded a bullish candlestick with no upper shadow, facing resistance from the 20/40 daily average lines. Under the macro expectation of an interest rate cut, bears mainly exited their positions overnight, coupled with...

[SMM Morning Meeting Summary: Rising Fund Concentration, LME Zinc Records Four-Day Winning Streak] Overnight, the LME zinc contract recorded a four-day winning streak, supported by various moving averages below, with the KDJ indicator expanding upward. Overnight, zinc prices fluctuated upward, while LME inventory continued to decline...

Zinc oxide, as an important inorganic chemical raw material, is widely used in rubber, electronics, pharmaceuticals, coatings, and other fields. In recent years, with the gradual expansion of downstream industry demand, the market size of zinc oxide has continued to grow. However, the industry also faces some common challenges: low-price competition is relatively prominent, and prices lack unified and transparent reference standards, which to some extent poses challenges to the operational decision-making of industry enterprises and the maintenance of market order.

[LME Zinc Inventory Drops to Near Two-Year Low, SHFE Zinc Edges Higher]: The most-traded SHFE zinc 2510 contract opened at 22,210 yuan/mt. In early trading, it dipped to 22,185 yuan/mt, then rose steadily throughout the session. Approaching the close, it touched a high of 22,375 yuan/mt, finally settling at 22,325 yuan/mt, up 130 yuan/mt (0.59%)...

Overnight, LME copper opened and touched a high of $9,916.5/mt before fluctuating downward to close at the day's low of $9,875/mt, down 0.31%, with trading volume at 10,000 lots and open interest at 269,000 lots.

[SMM Zinc Morning Comment] Overnight, SHFE zinc halted its decline and turned in positive territory, with the KDJ indicator expanding upward. Domestic social inventory recorded another increase, indicating insufficient momentum for a rise...

[SMM Morning Meeting Summary: SHFE/LME Price Ratio Declines Further as LME Outperforms SHFE] LME zinc recorded a three-day winning streak overnight, with the center of its daily candlestick moving upward and various moving averages providing support below. Overnight, the US dollar index fell as expectations for US Fed interest rate cuts increased amid concerns over independence, and...

[Persistent Supply Surplus Logic Maintains Fluctuating Trend in SHFE Zinc]: The most-traded SHFE zinc 2510 contract opened at 22,185 yuan/mt. In early trading, it touched a high of 22,235 yuan/mt, then fluctuated rangebound before hitting a low of 22,135 yuan/mt intraday, ultimately closing flat at 22,175 yuan/mt. Trading volume decreased to 69,221 lots, while open interest dropped by 1,297 lots to 116,000 lots...