[SMM Zinc Morning Comment] Overnight, LME zinc recorded a small bearish candlestick, with the daily candlestick's center slightly sinking. Although data showed that employment and inflation in the US cooled somewhat, expectations for US Fed interest rate cut...

[SMM Morning Meeting Summary: Uncertainty in Demand and Trade Outlook Casts a Shadow over Zinc Prices] Overnight, SHFE zinc recorded a small bullish candlestick, but was suppressed by the 5-day daily average moving average. Overnight, zinc prices were in the doldrums, trade...

[Review of Recent Zinc Oxide Consumption and Potential Risks as Q2 Draws to a Close] As Q2 is coming to an end, what is the overall consumption situation of zinc oxide recently? This article will analyze the changes in operating rates and the demand performance of various downstream sectors. Firstly, data shows that the operating rates of zinc oxide enterprises in China in April and May were both lower than those in the same period last year. What are the reasons? Below are the specifics for each sector...

[Zinc Ingot Inventory Records Slight Decline, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2507 contract opened at 22,030 yuan/mt. After the opening, SHFE zinc weakened slightly, dipping to 21,965 yuan/mt, before fluctuating upward all the way. It reached a high of 22,130 yuan/mt during the midday session. Subsequently, SHFE zinc pulled back again to near the daily average line, eventually closing up at 22,085 yuan/mt, up 85 yuan/mt or 0.39%. Trading volume increased to 70,108 lots, while open interest decreased by 4,464 lots to 121,000 lots...

[Guangdong Zinc: Futures Market Maintains Fluctuating Trend, Spot Cargo Trading Atmosphere Remains Relatively Mediocre] The mainstream transactions of 0# zinc in Guangdong ranged from 22,235 to 22,400 yuan/mt. Mainstream brands were quoted at a premium of 280 yuan/mt against the 2507 contract, and at a premium of 20 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened...

[Ningbo Zinc: Kylin Arrives in Ningbo, Downstream Just-in-Time Procurement] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,265-22,330 yuan/mt. The mainstream brands in Ningbo are quoted at a premium of 300 yuan/mt against the 2507 contract, and at a premium of 40 yuan/mt against spot cargo in Shanghai. Mainstream quotes in the Ningbo region are against the 2507 contract...

[Shanghai Zinc: Futures Market Fluctuates, Premiums Continue to Decline]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,285-22,420 yuan/mt, with Shuangyan trading at 22,325-22,490 yuan/mt, and 1# zinc mainly trading at 22,215-22,350 yuan/mt. In the morning session, the market offered premiums of 50-60 yuan/mt against the average price, with no quotes against futures prices...

[Tianjin Zinc: Futures Market Dominated by Volatility, Premiums Remain Stable] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,190-22,390 yuan/mt, with Zijin transactions at 22,270-22,420 yuan/mt. Transactions for #1 zinc ingot were around 21,850-21,980 yuan/mt, while Huludao reported prices at 25,670 yuan/mt. The premium for ordinary #0 zinc against the 2507 contract was around 180-300 yuan/mt, with Zijin reporting a premium of 300-330 yuan/mt against the 2507 contract. Tianjin reported a discount of around 30 yuan/mt compared to the Shanghai market.

[SMM Zinc Morning Comment] Overnight, LME zinc recorded a bearish candlestick with a long upper shadow, with the 5/40-day moving averages acting as resistance. Although the overnight US CPI data fell short of expectations across the board, raising market expectations for an interest rate cut, but...

[SMM Morning Meeting Summary: SHFE Zinc Closed with a Bearish Candlestick Overnight; Focus on Inventory Performance Today] SHFE zinc closed with a bearish candlestick overnight, with the 10/40-day moving averages acting as resistance above. Overnight, zinc prices maintained sideways movement, with a tug-of-war between longs and shorts in macro sentiment. On the fundamentals side, supply-side pressure increased, with imported zinc still arriving, and downstream...