[SMM Morning Comment on Zinc] Overnight, SHFE zinc stopped rising and started to fall, with various moving averages below providing support. The increase in domestic supply is relatively certain, and the social......

[SMM Morning Meeting Summary: Macro + Fundamentals Resonance, LME Zinc Center Moves Up] Overnight, LME zinc recorded a four-day winning streak, with the bearish candlestick on MACD narrowing and the center of the daily candlestick moving up. Overnight, Trump's nomination of a new governor raised market expectations for an interest rate cut, coupled with the meeting between Putin and Trump triggering market expectations for a ceasefire in the Russia-Ukraine conflict. Meanwhile...

[Overseas macro and fundamentals continue to drive, SHFE zinc records five-day winning streak] The most-traded SHFE zinc 2509 contract opened at 22,480 yuan/mt. After the opening, bears reduced their positions, driving SHFE zinc prices up to a high of 22,630 yuan/mt. Subsequently, a tug-of-war between longs and shorts ensued, with the price center of SHFE zinc fluctuating around 22,550 yuan/mt. It eventually closed higher at 22,580 yuan/mt, up 200 yuan/mt from the previous close, representing a 0.89% increase. Trading volume increased to 131,000 lots, while open interest rose by 2,565 lots to 96,819 lots...

[SMM Morning Comment on Zinc] Overnight, SHFE zinc stopped rising and started to fall, but the center of the daily candlestick moved up, with the 10/20-day moving average acting as resistance above. Driven by the overnight strength in LME, the center of SHFE zinc moved up, but...

[SMM Morning Meeting Summary: Zinc Prices Rise Amid Interest Rate Cut Expectations] LME zinc recorded a three-day winning streak overnight, with the 40-day moving average providing support and the bearish candlestick of MACD narrowing. Influenced by the US Fed officials' remarks that boosted expectations of an interest rate cut, the US dollar index fell, and non-ferrous metals generally rose, coupled with...

[Strong supply and weak demand persist, SHFE zinc maintains fluctuating trend] The most-traded SHFE zinc 2509 contract opened at 22,285 yuan/mt. After opening, SHFE zinc dipped to 22,250 yuan/mt. Subsequently, bears reduced their positions, driving SHFE zinc to rise above the daily average line, reaching a high of 22,410 yuan/mt. It finally closed flat at 22,380 yuan/mt, with trading volume increasing to 89,569 lots.....

[SMM Morning Comment on Zinc] Overnight, SHFE zinc recorded a bearish candlestick, with the middle rail of the Bollinger Bands acting as resistance. The zinc price returned to the fundamental pattern of increased supply and weak demand, with bears mainly increasing their positions. The bottom is temporarily seen at...

[SMM Morning Meeting Summary: LME Zinc Jumps Initially and Then Pulls Back Overnight, Focus on Inventory Changes] Overnight, LME zinc recorded a bullish candlestick with a long upper shadow, with the 5-day moving average forming resistance above and the 40-day moving average providing support below. Overnight, the US Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) for July slipped to 50.1 from 50.8 in June, while the ISM new orders index fell to 50.3 from 51.3......

[LME continues to play a leading role, SHFE zinc records a bullish candlestick] The most-traded SHFE zinc 2509 contract opened at 22,295 yuan/mt. After the opening, bulls increased their positions, driving SHFE zinc to fluctuate upward above the daily average line. Subsequently, bears reduced their positions, allowing SHFE zinc to continue rising and reaching a high of 22,395 yuan/mt. It eventually closed higher at 22,380 yuan/mt, up 125 yuan/mt or 0.56%. Trading volume decreased to 85,449 lots, while open interest fell by 4,253 lots to 98,472 lots...

[SMM Morning Comment on Zinc] Overnight, SHFE zinc recorded a bearish candlestick, with the 40-day daily average line providing support below. Driven by the strength of LME, the center of SHFE zinc shifted upwards, with bears exiting the market. Pay attention to...