Report Title - Zinc Industry Weekly Report, dated August 29, 2025 [1] Core Views Bullish Factors - China's zinc consumption is growing, with apparent consumption rising steadily, which supports demand [3]. - Both domestic and overseas inventories have slightly decreased, alleviating supply pressure [3]. Bearish Factors - Global zinc consumption is declining, especially in Western countries or regions, and inventories remain at a high level [3]. - Supply is abundant, processing fees are rising, it's the off - demand season, and inventories are increasing [3]. Trading Advisory View - The fundamental support for zinc is insufficient, but the expectation of the Fed's interest rate cut may provide macro - level support [3]. Summary by Related Catalogs Processing and End - User Demand - The report presents data on the market sentiment index of galvanized coils, their weekly inventory, and steel mills' weekly production, all with seasonal trends. It also shows the seasonal data of net exports of galvanized sheets (strips), die - cast zinc alloy, color - coated sheets (strips), and zinc oxide, as well as data related to the real estate market such as development investment, engineering progress, sales area, and unsold area, and 100 - large - city land transaction area and 30 - large - city commercial housing transaction volume. Additionally, it includes infrastructure fixed - asset investment data [4][6][8][11][13][16][17][19] Supply and Supply - Side Profits - Data on the seasonal monthly import volume of zinc concentrates, zinc concentrate TC, SMM zinc ingot monthly production, zinc ingot monthly production plus imports, zinc concentrate raw material inventory days, and LME and SHFE zinc inventories are provided, along with the production profit and processing fees of refined zinc enterprises [22][24][25][26][28][29] Futures and Spot Market Review - It shows the trends of domestic and foreign zinc prices, the trading volume and open interest of Shanghai zinc futures, the relationship between LME zinc closing price and the US dollar index, LME zinc's premium and discount, and the basis of zinc ingots in three locations [31][32][33][35][40]