SHANGHAI, May 25 (SMM) – LME zinc closed lower after 3-day winning streak, and found support from the 5- and 40-week moving averages. The market will continue to absorb news that the Fed will dial back balance sheet slowly, and stay cautious. LME zinc will move between USD 2,610-2,660/mt today. SHFE 1707 zinc will fluctuate between RMB 22,200-22,500/mt, with spot prices RMB 260-350/mt above SHFE 1706 zinc.

![Cabo de guerra entre comprados e vendidos, os preços do zinco flutuam principalmente dentro de um intervalo [comentário matinal de zinco da SMM]](https://imgqn.smm.cn/usercenter/cirme20251217171754.jpg)
![Estrutura do LME recua em etapas, centro de zinco do LME cai ligeiramente [Resumo da reunião matinal SMM]](https://imgqn.smm.cn/usercenter/EMwoI20251217171753.jpg)
