[SMM Zinc Morning Meeting Minutes: New Obstacles in US-Iran Negotiations, LME Zinc Retreated from Highs]: Overnight, LME zinc opened at $3,563/mt. After the opening, LME zinc fluctuated downward throughout the session, touching a high of $3,575.5/mt early in the session, probing a low of $3,505/mt near the end of the session, and finally closing lower at $3,542.5/mt, down $25/mt, a decline of 0.7%, with trading volume rising to 10,336 lots...

[SMM Zinc Morning Meeting Minutes: US-Iran Negotiations Enter Final Stage, LME Zinc Rebounds from Lows]: Overnight, LME zinc opened at $3,513/mt. After the opening, LME zinc fluctuated upward throughout the session, touching a low of $3,499.5/mt early in the session and a high of $3,569.5/mt late in the session, ultimately closing up at $3,567.5/mt, up $56.5/mt or 1.61%, with trading volume increasing to 9,871 lots...

According to the latest customs data, China imported 447,700 mt in physical content of zinc concentrates in April 2026, down 17.95% MoM from March (97,900 mt in physical content) and down 9.49% YoY. Cumulative zinc concentrate imports from January to April totaled 2.0021 million mt in physical content, up 16.92% YoY cumulatively.

[Will Refined Zinc Maintain Net Imports in April with Exports Increasing in May?] According to the latest customs data, refined zinc imports in April 2026 were 6,000 mt, down 8,400 mt or 58.27%% MoM, and down 78.62% YoY. Cumulative refined zinc imports from January to April were 49,000 mt, down 61.98% YoY cumulatively. Refined zinc exports in April were 3,900 mt, down 16.22% MoM and up 59.21% YoY.

According to the latest customs data, refined zinc imports in April 2026 were 6,000 mt, down 8,400 mt or 58.27% MoM, and down 78.62% YoY. Cumulative refined zinc imports from January to April were 49,000 mt, down 61.98% YoY cumulatively. Refined zinc exports in April were 3,900 mt, down 16.22% MoM, and up 59.21% YoY. Cumulative refined zinc exports from January to April were 14,000 mt, up 59.69% YoY cumulatively. That is, net imports of refined zinc in April were 2,000 mt, with cumulative net imports from January to April of 34,500 mt.

[SMM Zinc Morning Meeting Minutes: US Dollar Index Continued to Strengthen, LME Zinc Retreated from Highs]: Last Friday, LME zinc opened at $3,589.5/mt, touched a high of $3,590/mt in early trading, then fluctuated downward, hitting an intraday low of $3,510/mt, before hovering at lows around the daily average line, ultimately closing lower at $3,538.5/mt...