[SMM Analysis] China Accelerates the Construction of a Peripheral Copper Resource Supply Belt

The zinc import price ratio continued to deteriorate in February, with further downside pressure in the outlook

Some enterprises are on holiday for the New Year, and overall trading sentiment has further weakened. [SMM Spot Aluminum Midday Review]

Non-farm payrolls data exceeded expectations, zinc prices on SHFE and LME pulled back [SMM Market Review - Weekly Price Commentary]

The SHFE/LME zinc price ratio pulled back to around 7.1 and fluctuated [SMM Weekly Review of SHFE/LME Zinc Price Ratio]