Last Friday, LME zinc recorded a bearish candlestick, with support from the 5-day moving average below. Recently, LME zinc ingot inventory has gradually accumulated, weakening inventory support for zinc prices. However, dovish remarks from US Fed officials boosted expectations for US Fed interest rate cuts, leading to a partial recovery in LME zinc's intraday decline. Last Friday, SHFE zinc recorded a bearish candlestick, with resistance from the 10-day moving average above. Affected by LME zinc, SHFE zinc fell during the night session. Nevertheless, zinc concentrate TCs continued to decline both domestically and internationally, raising expectations for production cuts at smelters. Additionally, zinc ingot exports in November are expected to continue growing, providing fundamental support for zinc prices. SHFE zinc maintained a fluctuating trend during the night session.