长江有色：下游采买疲弱且市场对年末走向存优 25日锌价或下跌

Group 1 - The core viewpoint of the articles indicates that the zinc market is experiencing downward pressure due to light trading during the Christmas holiday and falling oil prices, leading to a decline in zinc prices [1][2] - Overnight London zinc futures showed a downward trend, closing at $3087 per ton, down $10 or 0.32%, with a trading volume of 5944 lots, a decrease of 4941 lots [1] - The domestic zinc market is facing tight supply conditions, with a rapid decline in processing fees for imported zinc concentrate, which increases production pressure on smelters [2] Group 2 - The macroeconomic environment is characterized by a cautious market sentiment, influenced by a declining US dollar index and mixed factors such as rising stock markets and falling oil prices [1] - There is a prevailing concern about the future direction of the market as year-end effects become more pronounced, with weak purchasing intentions from downstream sectors leading to poor spot transaction volumes [2] - The expectation is that zinc prices will continue to fluctuate within a range, with a potential decline in current zinc prices due to the lack of strong fundamental drivers and the holiday season affecting overseas markets [2]