Latest Update in the SMM Zinc Market

[SMM Zinc Morning Comment] Overnight, SHFE zinc recorded six consecutive gains, breaking through the 23,000 yuan/mt integer resistance level. The current fundamentals reflect a weak supply-demand situation, providing upward momentum for zinc prices, but...

[SMM Morning Meeting Minutes: Structural Risks Persist, LME Zinc Fluctuates at Highs] Overnight, the LME zinc contract recorded a bullish candlestick, with the upper Bollinger Band forming resistance and the middle Bollinger Band providing support. Although LME zinc inventory increased overnight, it remains relatively low. The LME Cash-3M backwardation structure...

[Zinc Ingot Inventory Continues to Decline, SHFE Zinc Center Rises]: The most-traded SHFE zinc 2601 contract opened at 22,850 yuan/mt. At the beginning of the session, it dipped to 22,835 yuan/mt, then fluctuated upward above the daily average line. Approaching the end of the session, it touched a high of 23,000 yuan/mt before falling back near the daily average line, finally closing up at 22,865 yuan/mt, an increase of 15 yuan/mt.

[SMM Zinc Morning Comment] Overnight, SHFE zinc recorded a five-day winning streak, with the center of the daily candlestick moving upward, while the upper Bollinger Band formed resistance. Overnight, macro and fundamental factors resonated, and zinc prices held up well......

[SMM Morning Meeting Minutes: Expectations for US Fed Interest Rate Cuts Strengthen, Zinc Prices Fluctuate at Highs] Overnight, the LME zinc contract recorded a doji bearish candlestick, with support provided by the middle Bollinger Band. Overnight, LME zinc maintained a fluctuating trend, as unexpectedly weak US ADP data heightened expectations for a US Fed interest rate cut next week...

[Fundamentals Present a Mixed Picture, SHFE Zinc Trades in a Narrow Range]: The most-traded SHFE zinc 2601 contract opened at 22,710 yuan/mt. After opening, it fluctuated around the daily average line, hitting a low of 22,695 yuan/mt during the session. Subsequently, the trading center shifted higher, approaching a high of 22,780 yuan/mt near the close, and finally settled at 22,755 yuan/mt, up 40 yuan/mt.

[SMM Morning Meeting Minutes: Bears Increase Positions at Highs, LME Zinc Retreats After Rapid Rise] Overnight, the LME zinc contract recorded a long upper shadow bearish candlestick, with the KDJ gap expanding downward. Due to a stronger US dollar overnight, LME zinc retreated after a rapid rise, but...

[Supply-Side Production Cuts Boost SHFE Zinc's Continued Strength]: The most-traded SHFE zinc 2601 contract opened at 22,700 yuan/mt. After opening, SHFE zinc fluctuated around the daily average line. Near the beginning of the session, it touched a low of 22,655 yuan/mt, and approaching the end of the session, it reached a high of 22,765 yuan/mt, finally closing up at 22,745 yuan/mt, an increase of 5 yuan/mt, or a gain of 0.02%.

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2601 contract opened at 22,650 yuan/mt. During the session, SHFE zinc fluctuated near the daily average line, with an amplitude not exceeding 200 yuan/mt, and finally closed up at 22,740 yuan/mt, an increase of 220 yuan/mt, a gain of 0.98%. Trading volume decreased to 64,076 lots, while open interest increased by 694 lots to 106,000 lots.