【SMM Flash News】 The most-traded SHFE zinc 2507 contract opened at 22,000 yuan/mt. During the morning session, SHFE zinc oscillated around the daily average line, reaching a high of 22,090 yuan/mt. Subsequently, it declined steadily in the afternoon session, hitting a low of 21,745 yuan/mt near the close. The contract eventually closed at 21,815 yuan/mt, down 215 yuan/mt or 0.98%. Trading volume increased to 126,000 lots, while open interest rose by 1,317 lots to 123,000 lots. SHFE zinc recorded a bearish candlestick, with the lower Bollinger Bands forming resistance. Smelter production continued to rise, while consumption also entered the off-season. The pattern of strong zinc supply and weak demand persisted, with insufficient fundamental support. Consequently, SHFE zinc continued to decline during the day.