[SMM Zinc Morning Meeting Minutes: Trade Tensions Ease, LME Zinc Continues to Rise]: Overnight, the LME zinc contract opened at $3,044/mt, initially dipped to $3,029/mt, then fluctuated upward along the daily average, reaching a high of $3,060/mt, and finally closed up at $3,058.5/mt, up $39/mt, a gain of 1.29%, with trading volume decreasing to 10,796 lots and open interest dropping by 1,274 lots to 222,000 lots···

[SMM Zinc Morning Comment: LME Trends Boost SHFE, SHFE Zinc Center Rises] Overnight, the most-traded SHFE zinc 2512 contract opened at 22,400 yuan/mt. At the beginning of the session, SHFE zinc touched a high of 22,440 yuan/mt, then the zinc price basically fluctuated around the daily average line. Although it dipped slightly during the session to a low of 22,345 yuan/mt, it subsequently rebounded again to near the daily average line, finally closing up at 22,410 yuan/mt...

As of 22th of October, LME zinc stocks have headed down to roughly 34,700 tons, with only 24,850 tons of on-warrant inventory immediately available for pick up, this is barely sufficient to cover one day of global zinc consumption. Comparing with the level at the start of the year (230,325 tons), LME inventory saw a drawdown by around 85%. This article addresses the current situation and gives forecasts on where the squeeze may head to.

[LME Boosted SHFE to Rise, SHFE Zinc Maintained Highs]: The most-traded SHFE zinc 2512 contract opened at 22,350 yuan/mt. Early in the session, bulls increased their positions, and SHFE zinc fluctuated upward throughout, touching a high of 22,405 yuan/mt toward the close. It finally settled at 22,365 yuan/mt, up 10 yuan/mt or 0.04%. Trading volume fell to 120,000 lots, while open interest increased by 1,017 lots to 121,000 lots.

SMM October 27 News: Throughout October, premiums and discounts in the Tianjin area remained low, and the zinc ingot market in Tianjin performed sluggishly. How will premiums and discounts move going forward?

[SMM Zinc Morning Comment: Zinc Ingot Export Window Remains Open, Focus on Subsequent Export Performance] Last Friday, the most-traded SHFE zinc 2512 contract opened at 22,250 yuan/mt. After opening, SHFE zinc fluctuated upward throughout the session, reaching a high of 22,315 yuan/mt during the night session, then pulled back slightly from the high and finally closed down at 22,300 yuan/mt.

[SMM Zinc Morning Meeting Minutes: LME Zinc Ingot Inventory Records Slight Increase, LME Zinc Fluctuates at Highs]: Last Friday, LME zinc opened at $3,023/mt. After opening, it fluctuated along the daily average line, rose to a high of $3,040/mt, then quickly pulled back to a low of $2,993/mt upon entering European trading hours···

[Export Window Remains Open, SHFE Zinc Hovers at Highs]: The most-traded SHFE zinc 2512 contract opened at 22,345 yuan/mt. During the session, SHFE zinc fluctuated at highs, reaching an intraday high of 22,375 yuan/mt early in the session, then pulled back slightly to touch a low of 22,245 yuan/mt, before edging up again and finally closing up at 22,355 yuan/mt.

[Smelter Raw Material Demand Robust, Domestic TCs Expected to Decline in November]: Zinc concentrate TCs continued their downward trend in November, with the SMM monthly average domestic zinc concentrate TC dropping by 650 yuan per mt in metal content to 3,000 yuan per mt in metal content (guidance price for next month's TCs). Domestic zinc concentrate TCs were further lowered this week....

[Average Weekly Trading, Spot Premiums Fell]: Spot offers in Shanghai edged down this week, basically flat WoW. As of Friday, spot prices of common domestic brands against the 2511 contract were at a discount of 10–0 yuan/mt, while those of the premium brand Shuangyan against the 2511 contract were at a premium of 90–100 yuan/mt.