[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.
Aug 14, 2026 08:59[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.
Aug 14, 2026 08:57[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.
Aug 13, 2026 08:52[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.
Aug 12, 2026 09:21[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.
Aug 11, 2026 08:54[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.
Aug 10, 2026 08:59[SMM Zinc Morning Summary: LME Zinc Center Continues to Move Higher, Watch Subsequent Non-farm Payrolls Data]: Overnight, LME zinc opened at $3,750/mt, after the opening LME zinc consolidated, during which it dipped to $3,717.5/mt, then smoothly rallied in the session, touching a high of $3,803/mt before pulling back to near the daily average line, finally closed up at $3,769.5/mt, up $24/mt...
Aug 7, 2026 08:33[SMM Zinc Morning Meeting Summary: LME Zinc Inventory Continues to Decline, LME Zinc Rises Significantly]: Overnight, LME zinc opened at $3,662/mt, and after opening it rose all the way, touching a low of $3,655.5/mt in early trading and a high of $3,748/mt near the close, finally ending up at $3,745.5/mt, up $84.5/mt, an increase of 2.31%, with trading volume rising to 13,736 lots···
Aug 6, 2026 08:42[SMM Zinc Morning Meeting Minutes: LME Zinc Ingot Inventory Continues to Decline, Bulls Increase Positions Boosting LME Zinc Rise]: Overnight, LME zinc opened at $3,642/mt, and after opening, drifted higher, dipping to a low of $3,635/mt at the beginning of the session and touching a high of $3,684.5/mt near the end, finally closing up at $3,661/mt, up $27/mt, or 0.74%, with trading volume decreasing to 11,194 lots...
Aug 5, 2026 08:31[SMM Zinc Morning Meeting Minutes: Nearby Month Squeeze Bulls Continue to Push Up Zinc Prices, LME Zinc Hits Four-Year High]: Overnight, LME zinc opened at $3,645.5/mt, initially fell and then rose, hitting a high of $3,703.5/mt during the session, then continuously pulled back from the high, and near the end of the session dipped to a low of $3,618/mt, finally closing down at $3,634/mt, losing $6/mt, or 0.16%. Trading volume increased by 4,655 lots to 18,193 lots···
Aug 4, 2026 08:38