[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a small bearish candlestick, but the center of the daily candlestick moved upward, with the 5-day moving average providing support below. The overall changes in zinc fundamentals were relatively small, with low inventory forming a floor support for zinc prices. Macroscopically...

[SMM Morning Meeting Summary: Positive Signals Released in China-US Negotiations Provide Certain Support to Zinc Prices] Last Friday, LME zinc recorded a bullish candlestick, with the 5-day moving average providing support below. The import window opened, and LME zinc inventory continued to decline. With the supplement of imported zinc, it is difficult to say that domestic supply is tight. Zinc prices maintained a fluctuating trend. Attention should be paid to...

SMM Steel Morning Meeting Summary: Macroscopically Beneficial News Accelerates Market De-stocking Suddenly" Stimulated by macroscopically beneficial news, the afternoon session of steel futures experienced a volatile increase, closing at 3281, up 1.05% from the previous trading day. The willingness of end-users to purchase increased, traders were strongly inclined to hold prices and push for higher prices, and overall trading performance was decent...

SMM Building Materials Inventory: Macroscopically Favorable Conditions Accelerate Market De-stocking Suddenly" This week, the inventory in the building materials market continued to show a trend of destocking, with the total inventory of rebar decreasing on a week-on-week basis, and the decline expanded. On the supply side, raw material prices fell rapidly in the early stage, while the prices of finished products rebounded quickly, restoring steel mill profits and increasing production enthusiasm. Steel mills that had previously undergone maintenance work have successively resumed production, leading to a rebound in the supply of building materials. On the demand side, high temperatures gradually dissipated, coupled with the momentum of macro policies, market demand increased, and downstream procurement enthusiasm improved. Overall, the building materials market experienced further destocking, and the supply-demand dynamics continued to improve...

Macroscopically, the US Fed announced rate cut of 50 basis points.

【Terrifying Data Released and US Dollar Rises, Today's Copper Price May Be Guided by Overseas Market】Macroscopically, the monthly rate of retail sales in the United States in August recorded 0.1%, higher than expected, and the US dollar rose again, which had previously pushed up copper prices due to expectations of interest rate cuts by the Federal Reserve...