[SMM Flash News] This week, the SHFE/LME price ratio continued to oscillate around 8.1, with the import window for zinc ingots remaining closed. Overseas, at the beginning of the week, there was an inventory buildup in LME zinc inventory, easing market concerns about supply and causing LME zinc prices to decline. Later, the excellent performance of US retail sales data in June boosted market sentiment, overshadowing tariff disruptions. Meanwhile, Trump once again called on the US Fed to cut interest rates, leading to a continuous upward trend in LME zinc prices.