Futures market: LME copper opened at $9,940/mt (the session high) overnight, then fluctuated downward with the price center gradually declining to touch a low of $9,848/mt before closing at $9,854.5/mt after considerable fluctuations, down 0.8%.

[Ferrous metals prices continue to rise, galvanizing operating rates increase slightly]: This week, the operating rates of galvanising producers reached 59.42%, up 0.29 percentage points WoW. In terms of raw material inventory, zinc prices fluctuated at highs this week, reaching a level that was difficult for downstream users to accept. There was a small amount of restocking driven by rigid demand, leading to a decrease in zinc ingot inventory.

[SMM Zinc Morning Comment] Overnight LME zinc stopped rising and started to fall, with the KDJ opening narrowing. Overnight LME zinc inventory increased, coupled with......

[SMM Morning Meeting Summary: Bulls Take Profits and Exit, SHFE Zinc's Center Slightly Declines] Overnight, SHFE zinc recorded a small bearish candlestick, with the 5-day moving average above acting as resistance. Overnight, the iron and steel sector and alumina showed a stronger trend, while the optimistic sentiment in other metal markets faded somewhat. Meanwhile...

[Zinc Prices Remain Strong Amid Continuous Progress in Trade Negotiations]: The most-traded SHFE zinc 2509 contract opened at 22,950 yuan/mt. After opening, SHFE zinc fluctuated around the daily average line, hitting a low of 22,905 yuan/mt during the period. Then, it fluctuated upward during the afternoon session, reaching a high of 23,070 yuan/mt near the close. It finally closed higher at 23,015 yuan/mt...

Futures market: LME copper opened at $9,940/mt overnight, fluctuated downward to $9,914.5/mt in early trading, then fluctuated considerably to a high of $9,946.5/mt before consolidating sideways and finally closing at $9,933.5/mt, up 0.36%, with trading volume at 15,000 lots and open interest at 265,000 lots.

[SMM Morning Comment on Zinc] Overnight, SHFE zinc stopped rising and started to fall, with the KDJ opening narrowing. Overnight, zinc prices briefly broke through 23,000 yuan/mt again, but the upward breakout lacked momentum, and market sentiment was somewhat digested. Spot cargo...

[SMM Morning Meeting Summary: Bulls Increased Their Positions, LME Zinc Recorded a Five-Day Winning Streak] Overnight, LME zinc recorded a five-day winning streak, with various moving averages below providing support and the upper Bollinger Bands forming resistance. Recently, the US has reached trade agreements with multiple countries, and Sino-US trade negotiations have also been put on the agenda, cooling market risk-aversion sentiment. LME......

On 18th July, LME zinc opened at $2,737.5/mt, reached an intraday high of $2,826.5/mt and closed at $2,824.5/mt, up by $86.5/mt or 3.16%. As of Monday 21th July , LME zinc remained an upward trajectory and closed at $2,844.5/mt, maintaining strong price momentum. This marks a notable reversal from the bearish expectations for LME zinc widely held by analysts just a couple of weeks ago.

[SHFE Zinc Fluctuates at Highs, Follow Macro Guidance]: The most-traded SHFE zinc 2509 contract opened at 22,995 yuan/mt. SHFE zinc reached a high of 22,995 yuan/mt at the opening, then fluctuated considerably around the daily average line, touching a low of 22,830 yuan/mt during the session. It finally closed higher at 22,975 yuan/mt, up 5 yuan/mt or 0.02%. Trading volume increased to 97,084 lots, while open interest rose by 3,013 lots to 138,000 lots...