The buy side of 2.2 mill is dominated by three bids totalling 1.6m and looks like stacking, which I don't mind but just saying All4One.
Much prefer stockpiles going down for zinc than the reverse. And you don't wish to acknowledge all the stuff out there, much of it from reasonably credible sources, reporting there is currently a deficit (hence reducing stockpiles) which will worsen later in the year, regardless of what Chinese steel production is doing. If it's declining, then whacko cause there is even enough zinc being produced with that decline.
My belief is there is a supply crunch looming and unless the world revisits GFC, and you never know, then willing to predict zinc price above $1 by end of the is year and above next year. Like you, my opinion and let's leave it at that
(20min delay)