SMM

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a large bearish candlestick, with the 40-day moving average forming resistance above, and the KDJ indicator narrowing its opening. LME zinc jumped initially and then pulled back, dragging SHFE zinc downward. Meanwhile, on the fundamentals side, TC continued to rise, and expectations of ore supply loosening kept increasing, exerting pressure on zinc prices at high levels.