[SMM Zinc Morning Comment: China Continued Destocking, SHFE Zinc Center Moved Higher] Overnight, the most-traded SHFE zinc 2609 contract opened at 25,615 yuan/mt and consolidated along the daily average line in early trading. Subsequently, as bears reduced positions, the SHFE zinc center moved higher, touching a high of 25,730 yuan/mt near the close. The contract eventually closed up 125 yuan/mt, or 0.49%, at 25,675 yuan/mt. Trading volume fell to 38,315 lots, and open interest decreased by 1,840 lots to 104,000 lots.

[SMM Zinc Morning Meeting Summary: Macro Sentiment Fluctuated, LME Zinc Recorded a Doji]: Overnight LME zinc opened at $3,745/mt, briefly rose in early trading to a high of $3,758.5/mt, then declined all the way to a low of $3,697.5/mt during European trading hours, before losses narrowed in late trading and it finally closed flat at $3,745/mt. Trading volume increased to 11,288 lots, and open interest rose by 4,236 lots to 254,000 lots.

[SMM Zinc Morning Meeting Minutes: LME Inventory Continues Destocking, LME Zinc Center Moves Higher]: Overnight, LME zinc opened at $3,727.5/mt. It drifted lower in early trading, dipping to a low of $3,726/mt, then stopped falling and rebounded, touching a high of $3,786/mt during the night session. Gains narrowed in late trading, and it eventually closed higher at $3,745/mt, up $10.5/mt, or 0.28%. Trading volume fell to 10,364 lots, and open interest increased by 145 lots to 250,000 lots.

[SMM Zinc Morning Brief: Low LME inventory keeps LME zinc consolidating at highs]: Overnight LME zinc opened at $3,737/mt, drifted lower at the start to a low of $3,708.5/mt, then stopped falling and rebounded to a high of $3,752/mt. Gains narrowed in late trading, and it finally closed at $3,734.5/mt, down $1/mt, or 0.03%. Trading volume decreased to 10,410 lots, and open interest rose by 2,790 lots to 250,000 lots.

[SMM Zinc Morning Meeting Minutes: LME Inventory Still Low, LME Zinc Consolidates at Highs]: Overnight, LME zinc opened at $3,711/mt, drifted lower in early trading, and hit a low of $3,687/mt during European trading hours. Then, as bears reduced their positions, LME zinc drifted higher, reaching a night session high of $3,745.5/mt, and finally closed up at $3,735.5/mt, gaining $37.5/mt or 1.01%. Trading volume dropped to 11,048 lots, and open interest decreased by 6,595 lots to 247,000 lots.

[SMM Zinc Morning Meeting Summary: Non-farm Payrolls Data Missed Expectations, LME Zinc Center Shifted Lower]: Last Friday, LME zinc opened at $3,764/mt. At the beginning of the session, LME zinc briefly rose to hit a high of $3,798/mt, then bears added positions, and LME zinc drifted lower all the way, dipping to a low of $3,697/mt near the close. It ended down at $3,698/mt, falling $71.5/mt, a decline of 1.9%. Trading volume fell to 14,673 lots, and open interest increased by 5,089 lots to 254,000 lots.