Please be informed that our English website will suspend news updates during the upcoming National Day holiday and Mid-Autumn Festival from October 1 to October 8, 2025.

The 2025 National Day holiday and Mid-Autumn Festival is approaching. To help users make arrangements in advance, SMM’s work schedule during the dual festival holiday is announced as follows:  

[SMM Zinc Morning Comment] Overnight, SHFE zinc recorded a bullish candlestick, with the 20-day daily average forming resistance above and the lower Bollinger Band providing support below. Strong LME performance boosted the market, coupled with continued destocking of domestic social inventory ahead of the holiday and...

[SMM Morning Meeting Minutes: US Dollar in the Doldrums, Zinc Prices Rise Accordingly] Overnight, the LME zinc contract recorded a large bullish candlestick, with the KDJ gap widening upward. Overnight, affected by the potential US government shutdown, the US dollar...

With the National Day and Mid-Autumn Festival double holiday approaching, holiday arrangements for die-casting zinc alloy and zinc oxide enterprises have been successively released. The specific details are as follows:According to SMM, the holiday duration for enterprises during the National Day and Mid-Autumn Festival holidays ranged from 0 to 8 days, with an average of 4.4 days. A small number of enterprises are expected to have holidays exceeding 10 days. Overall, the holiday duration for die-casting zinc alloy enterprises this year increased by 1.6 days YoY compared to 2.8 days last year.

As of September 29, the most-traded SHFE zinc contract closed at 21,800 yuan/mt, down 340 yuan/mt for the month, a decline of 1.54%. Zinc prices remained stable and consolidated throughout September before starting a downward trend mid-month and hitting a low of 21,665 yuan/mt by the end of the month. How will zinc prices perform in October?

Coinciding with the National Day holiday, market attention is focused on downstream enterprises' stockpiling and holiday schedules. SMM has gathered the following information on the holiday arrangements of galvanizing enterprises

The Ministry of Industry and Information Technology (MIIT) and seven other departments issued the Work Plan for Stable Growth of the Non-ferrous Metals Industry (2025-2026). It mentioned that from 2025 to 2026, the added value of the non-ferrous metals industry is expected to grow by about 5% annually, with economic benefits maintaining a positive trend.

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a bearish candlestick, with various moving averages forming resistance above. As the domestic market approaches the holiday season, downstream enterprises have reduced operations, while...

[SMM Morning Meeting Minutes: Bears Increase Positions to Suppress Prices, LME Zinc Dives Lower] Last Friday, the LME zinc contract recorded a bearish candlestick, with support provided by the middle Bollinger Band. US inflation data largely met expectations, alleviating...