[SHFE Zinc Bottom Still Supported by Strong Foundation, Records a Large Bullish Candlestick Today] The most-traded SHFE zinc 2510 contract opened at 22,400 yuan/mt. Subsequently, the center of SHFE zinc fluctuated rangebound around 22,380 yuan/mt, finally closing up at 22,395 yuan/mt, an increase of 120 yuan/mt, or a 0.54% rise. Trading volume increased to 131,000 mt, while open interest decreased by 2,533 lots to 105,000 lots.....

SMM August 25 News: Recently, the premiums and discounts in the Tianjin area have been running at low levels. Affected by environmental protection-driven production restrictions, some small factories in Tianjin have suspended operations, and transportation has been restricted. How will the premiums and discounts evolve going forward?

Futures: Last Friday night, LME copper opened at $9,739/mt, dipped to a low of $9,708/mt in early trading, then fluctuated upward throughout the session, reaching a high of $9,813.5/mt near the close.

[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2510 contract opened at 22,220 yuan/mt. At the start of the session, SHFE zinc tested a low of 22,200 yuan/mt. Subsequently, SHFE zinc attempted to rise, but an increase in short positions caused it to drop back slightly. After that, as shorts reduced their positions, SHFE zinc quickly rose and reached a high of 22,465 yuan/mt. Towards the end of the session, longs cut their positions, leading to a slight pullback in SHFE zinc, which finally closed up at 22,400 yuan/mt, with a gain of 125 yuan/mt, or a 0.56% increase. Trading volume decreased to 75,325 lots, while open interest fell by 2,847 lots to 105,000 lots...

[MM Morning Meeting Summary: Powell's "Dovish" Stance Lifts LME Zinc Center] Last Friday, LME zinc opened at $2,774.5/mt. At the beginning of the session, LME zinc fluctuated rangebound near the daily average, hitting a low of $2,763.5/mt. During the European trading hours, bulls increased their positions, causing LME zinc to briefly rise. Subsequently, LME zinc pulled back below the daily average. However, during the night session, LME zinc rose to a high of $2,821.5/mt, then slightly declined towards the end of the session, finally closing up at $2,805.5/mt, an increase of $38.5/mt or 1.39%. Trading volume decreased to 62,909 lots, while open interest increased by 1,465 lots to 193,000 lots.

The SMM Imported Zinc Concentrate Index for this week is $92.5/dmt, with a 2.44% WoW increase. The SMM Imported Lead Concentrate average spot TC for this week is $-90/dmt, down by 12.5% WoW.

[awaiting more macro guidance shfe zinc fluctuates]: the most-traded SHFE zinc 2510 contract opened at 22,260 yuan/mt. At the start of the session, SHFE zinc fluctuated considerably around the daily average with bears reducing positions. By the end of the session, the price center moved up and closed at 22,275 yuan/mt, an increase of 35 yuan/mt or 0.16%. Trading volume increased to 88,665 lots, while open interest decreased by 2,634 lots to 108,000 lots.

[Some Companies Resume Normal Production, Die-Casting Zinc Alloy Operating Rates Rise This Week] The operating rate of die-casting zinc alloy this week was 50.46%, up 2.85 percentage points WoW. Raw material side, the center of zinc prices fluctuated downward this week, and downstream restocking at lower prices led to an increase in raw material inventory...

[Production Declines Due to Parade Impact Zinc Oxide Operating Rates Fall This Week] This week, the operating rate of zinc oxide recorded 55.89%, down 1.06 percentage points WoW. Raw material side, the center of zinc prices pulled back this week, and zinc oxide enterprises made small purchases, with raw material inventory increasing MoM...

[Mid-week recovery in transactions failed to offset increased market supply, spot premiums/discounts in Guangdong maintained fluctuating trend WoW] This week, the premiums and discounts in the Guangdong area decreased by around 5 yuan/mt compared to last week. As of this Friday, the main 0# zinc quotations in the Guangdong area were at discounts of -90~-40 yuan/mt, with the Shanghai-Guangdong price spread widening...