[Improvement in Some End-User Export Orders, SHFE Zinc Expected to Maintain Fluctuating Trend in Short Term] The most-traded SHFE zinc 2510 contract opened at 22,310 yuan/mt. At the beginning of the session, with bears reducing positions, SHFE zinc fluctuated upward, reaching above the daily average line and peaking at 22,395 yuan/mt. Subsequently, as bears increased their positions, SHFE zinc declined, hitting a low of 22,245 yuan/mt, and finally closed at 22,270 yuan/mt, down 125 yuan/mt, or 0.56%. Trading volume decreased to 93,174 lots, while open interest increased by 3,459 lots to 109,000 lots.

The traditional off-season is about to end. Recently, due to the SCO summit and the military parade, galvanizing production has slightly weakened under the influence of environmental protection-driven production restrictions in the north. How will future demand look? Will the peak season be robust?

[SHFE Zinc Morning Comment] Overnight, LME zinc was closed for the Summer Bank Holiday. SHFE zinc opened at 22,355 yuan/mt. At the start of the session, bears increased their positions, causing SHFE zinc to drop sharply and hit a low of 22,260 yuan/mt. Subsequently, bulls added to their positions, leading to a slight upward shift in the center of SHFE zinc. Then, intense competition between bulls and bears caused the center of SHFE zinc to fluctuate rangebound around 22,300 yuan/mt. It finally closed down at 22,295 yuan/mt, a decrease of 100 yuan/mt or 0.45%. Trading volume decreased to 36,289 lots, while open interest increased by 2,542 lots to 108,000 lots...

[smm morning meeting summary: lme zinc market closed for bank holiday domestic shfe zinc records a bearish candlestick] overnight, the lme zinc market was closed for the summer bank holiday. shfe zinc opened at 22,355 yuan/mt. at the beginning of the session, with increased short positions, shfe zinc plunged to a low of 22,260 yuan/mt. subsequently, as long positions increased, the center of shfe zinc prices slightly rose. then, intense competition between bulls and bears caused the price center of shfe zinc to fluctuate rangebound around 22,300 yuan/mt. it finally closed down at 22,295 yuan/mt, a decrease of 100 yuan/mt, or 0.45%. trading volume decreased to 36,289 lots, while open interest increased by 2,542 lots to 108,000 lots...

[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.