[SHFE Zinc Continued to Decline Today, with Focus on Overseas Rate Decisions and China Social Inventory] The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. After the opening, bulls and bears engaged in fierce competition, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt, or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots.....

[SMM Morning Meeting Summary: Affected by Macro Disturbances, LME Zinc Maintained Wide Swings] LME zinc opened at $3,316/mt. In early trading, LME zinc fluctuated upward and touched a high of $3,331.50/mt, after which prices fell rapidly. It then rose and recovered the losses, but during European trading hours, as bears reduced open interest, LME zinc quickly dipped to $3,284/mt. In the night session, amid a tug-of-war between longs and shorts, LME zinc gradually recouped the losses and returned to fluctuate above the average price line, finally closing down at $3,314.50/mt, down $1/mt, or 0.03%. Trading volume decreased to 82,887 lots, and open interest increased by 527 lots to 217,000 lots.

[Weaker Macro Sentiment, SHFE Zinc Center Shifted Lower]: The most-traded SHFE zinc 2604 contract opened at 24,460 yuan/mt. Early in the session, bulls reduced open interest, and SHFE zinc fluctuated downward to a low below 24,300 yuan/mt. As downward momentum proved insufficient, the SHFE zinc center moved higher. It closed down at 24,415 yuan/mt, down 5 yuan/mt, a decline of 0.02%. Trading volume fell to 105,000 lots, while open interest decreased by 5,934 lots to 74,747 lots.

[SHFE Zinc Center Shifted Higher]: The most-traded SHFE zinc 2604 contract opened at 24,255 yuan/mt. Early in the session, bulls reduced open interest, and SHFE zinc edged lower to test 24,160 yuan/mt. Subsequently, bears reduced open interest, lifting the center of SHFE zinc. It touched a high and finally closed up at 24,420 yuan/mt, up 160 yuan/mt, a gain of 0.66%. Trading volume increased to 161,000 lots, while open interest fell by 4,635 lots to 80,681 lots.

[Stronger Dollar Weighs, SHFE Zinc Slips in Day Session]: The most-traded SHFE zinc 2604 contract opened at 24,555 yuan/mt. Early in the session, SHFE zinc touched a high of 24,720 yuan/mt, then fluctuated downward. Near the close, SHFE zinc dipped to 24,320 yuan/mt, and finally closed down at 24,370 yuan/mt, down 155 yuan/mt, a decline of 0.63%..

[Geopolitical Tensions Intensify SHFE Zinc Rises During Daytime]: The Most-Traded SHFE Zinc 2604 Contract Opened at 24,590 Yuan/mt. After Opening, SHFE Zinc Fluctuated and Rose, Reaching a Low of 24,425 Yuan/mt Early in the Session and Peaking at 24,880 Yuan/mt Towards the End, Finally Closing Up at 24,850 Yuan/mt.

[Shanghai Zinc Ingot Inventory Buildup Significant, Awaiting Subsequent Downstream Production Resumptions]: Spot discounts in Shanghai widened this week, with the average price down by 10 yuan/mt compared to pre-holiday levels. As of Friday, spot discounts for common domestic brands against the 2603 contract were 30-20 yuan/mt, while the premium for the high-priced brand Shuangyan against the 2603 contract was 80-90 yuan/mt.

[Domestic inventory continues to increase, SHFE zinc records a bearish candlestick] The most-traded SHFE zinc 2604 contract opened at 24,675 yuan/mt. After opening, bears increased positions, pushing SHFE zinc down below the daily average line to a low of 24,455 yuan/mt. During the session, bulls increased positions, driving SHFE zinc up, and it ended trading near the daily average line, closing down at 24,570 yuan/mt, a decrease of 105 yuan/mt (0.43%). Trading volume rose to 54,512 lots, and open interest increased by 1,645 lots to 92,762 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···

[Continuous Tariff Disturbances, SHFE Zinc Hovers at Highs] The most-traded SHFE zinc 2604 contract opened at 24,320 yuan/mt. After opening, bulls increased their positions, pushing zinc quickly above the daily average line and reaching a high of 24,865 yuan/mt. Toward the close, some bulls reduced positions and exited, causing a slight decline. It finally closed up at 24,680 yuan/mt, rising 430 yuan/mt (a 1.77% gain). Trading volume increased to 56,353 lots, and open interest rose by 4,439 lots to 81,447 lots.....