Fact: Rzzro's price feed shows LME zinc at n/a and SHFE zinc at n/a.
The market signal is low LME stocks and treatment-charge stress. This is not a clean demand breakout; it is a balance between price pressure and supply discipline.
Rzzro view: buyers should separate spot price action from the upstream constraint that will matter most over the next 3-6 months.
What this means for buyers
Use $3,450-$3,500/mt as the hedge band for 2-4 months. Track LME stocks and concentrate TCs; falling stocks with weak TCs usually lead refined tightness.