[SMM Zinc Morning Comment] Overnight, SHFE zinc posted a bullish candlestick with no upper shadow, with support from the 5/10-day daily average below. Driven by the LME market overnight, zinc prices fluctuated upward, but on the fundamentals side, April production at China's domestic smelters is expected to increase by more than 10,000 mt MoM. At elevated zinc prices, downstream enterprises showed lower purchasing enthusiasm, inventory destocking slowed down, and weak domestic fundamentals are expected to limit its upside. Focus on......

As of March 31, the most-traded SHFE zinc contract closed at 23,480 yuan/mt, up 1,230 yuan/mt for the month, with a decline of 4.98%. Zinc prices plunged in March, briefly climbing to a high of 24,955 yuan/mt at the beginning of the month and falling to a low of 22,350 yuan/mt in the middle of the month, with the overall price center moving down significantly. After zinc prices plunged in March, how will they move in April?

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 24,525 yuan/mt, initially fluctuated downward to a low of 24,470 yuan/mt, then rose as bears increased their positions, and touched a high of 24,625 yuan/mt before closing flat at 24,570 yuan/mt. Trading volume fell to 43,454 lots, while open interest increased by 205 lots to 92,967 lots.

[ SMM Morning Meeting Minutes: US Dollar Strength Puts LME Zinc Under Pressure ] Overnight, the LME zinc contract opened at $3,388/mt. Initially, bulls and bears were intertwined, and LME zinc briefly rose to a high of $3,398.5/mt. Subsequently, bears increased their positions, causing the center of LME zinc to move downward. During European trading hours, it touched a low of $3,338/mt, after which LME zinc fluctuated and ultimately closed down at $3,366.5/mt, down $20.5/mt, a decrease of 0.61%. Trading volume increased to 9,909 lots, and open interest rose by 616 lots to 230,000 lots.

[SMM Zinc Morning Meeting Minutes: Base Metals Generally Rise, LME Zinc Center Edges Up Slightly] Overnight, the LME zinc contract opened at $3,360/mt. After opening, it fluctuated upward, reaching a high of $3,431.5/mt near the early session. Subsequently, it continuously pulled back from the high, touching a low of $3,360/mt during the session, then maintained a fluctuating trend below the daily average line, finally closing up at $3,387.5/mt···

[SMM Zinc Morning Meeting Minutes: Tariff Uncertainty Disturbs the Market, LME Zinc Fluctuates and Pulls Back]: Overnight, the LME zinc contract opened at $3,383/mt. After opening, SHFE zinc fluctuated around the daily average line, reaching a high of $3,392/mt during the session. Subsequently, during the night session, LME zinc fluctuated and pulled back. After failing to surge again, it touched a low of $3,341.5/mt towards the end of the session...