The US factory orders in February was 1.4%, higher than expected. The US JOLTs job vacancies in February was higher than expected and stood at 8.756 million. The favourable macroeconomic environment pushed up LME zinc prices in early April;

At the beginning of March, the optimism about the Fed's interest rate cut had not been fully priced in, and the market increased its bets on the Fed's June rate cut. The US ADP employment in February recorded 140,000.

Overseas economic data exceeded expectations. As the Fed's interest rate cut was expected to be postponed, the US dollar index strengthened.

The TCs of zinc concentrate were stable last week. Profit at domestic mines and smelters shrank sharply, so they took a wait-and-see attitude.

Last week, the TCs of domestic and imported zinc concentrate remained unchanged.

SHANGHAI, Mar 27 (SMM) –Although some mines slightly lowered their TCs according to their output and ore grade, lead smelters demanded high TCs, unaffected by decline in TCs of zinc concentrates.