Hot News

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  Shandong Humon Smelting Co., Ltd. held a public tender for 64 mt of antimony trioxide today [reported by SMM]

• Trade risks rise again, LME zinc records a bullish candlestick [SMM Morning Meeting Summary]

  [SMM Morning Meeting Summary: Trade Risks Resurface, LME Zinc Records a Bullish Candlestick] Last Friday, LME zinc opened at $2,705.5/mt. In the early session, LME zinc fluctuated upward along the daily moving average, reaching a high of $2,721.5/mt during European trading hours. Subsequently, as bulls reduced their positions, LME zinc fluctuated downward, touching a low of $2,670.5/mt during the night session, before stabilizing and rebounding. LME zinc consolidated near the daily moving average, eventually closing up at $2,712.5/mt, up $8/mt or 0.3%. Trading volume increased to 8,815 lots, while open interest remained unchanged at 212,000 lots.

• US Fed Voting Member: Monetary Policy Has Been Disrupted by Tariffs, and the US Central Bank Is Forced to Stand Pat in the Short Term

• Expectations of loose supply still persist, and it is expected that SHFE zinc will remain volatile in the short term [SMM Zinc Morning Comment]

  [SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2507 contract opened at 22,155 yuan/mt. In the early session, SHFE zinc briefly dipped to a low of 22,085 yuan/mt. Subsequently, bears reduced their positions, causing SHFE zinc to fluctuate upward, reaching a high of 22,300 yuan/mt during the session. It then traded sideways, eventually closing up at 22,280 yuan/mt, up 65 yuan/mt or 0.29%. Trading volume fell to 67,614 lots, while open interest decreased by 1,346 lots to 113,000 lots.

• Morgan Stanley Survey: "Sell the US" Sentiment Rising, More People Bullish on European Stock Markets!