Report Information - Report Title: Zinc Industry Weekly Report - Report Date: June 3, 2025 [1] Core Viewpoints Bullish Factors - Global zinc sheet supply shortage, with a cumulative shortage of 101,600 tons from January to March, and inventory continuously decreasing [3] - Decrease in zinc inventories in LME and SHFE, and basis premium supports prices [3] Bearish Factors - Rebound in imported zinc concentrate TC combined with refinery restart, strengthening the expectation of supply surplus [3] - Consumption enters the traditional off - season, galvanized demand weakens, and downstream procurement is sluggish [3] Trading Consultation Viewpoint - The SHFE zinc ZN2507 contract will maintain short - term oscillatory consolidation, with fundamental bullish and bearish factors intertwined [3] Summary by Catalog Processing and Terminal Demand - Include data on galvanized sheet coils (market sentiment index, weekly inventory, and steel mill weekly output), galvanized sheet (strip) net export, die - cast zinc alloy net import, real estate development investment, engineering progress, sales area, and land transaction area, and infrastructure fixed - asset investment [5][6][11][12][13][14][15][17][18] Futures and Spot Market Review - Include data on internal and external zinc price trends, LME term structure, zinc ingot basis trends [21][23][27] Supply and Supply - side Profits - Include data on zinc concentrate imports, processing fees, zinc ingot production, enterprise production profits, raw material inventory days, and zinc inventories in LME and SHFE [31][33][34][36][37][39]