The most-traded SHFE zinc 2505 contract opened at 23,530 yuan/mt. Initially, SHFE zinc fluctuated around the daily average line, then, as shorts reduced their positions, it rose steadily above the daily average line, reaching a high of 23,660 yuan/mt. It finally closed at 23,615 yuan/mt, up 160 yuan/mt, a gain of 0.68%. The trading volume decreased to 166,000 lots, and the open interest dropped by 8,724 lots to 109,000 lots.

Guangdong Zinc: Overall transactions were moderate, spot premiums/discounts remained flat. The mainstream transaction price of Guangdong 0# zinc was 23,450-23,660 yuan/mt. The mainstream brands quoted a premium of 5 yuan/mt against the 2505 contract and 30 yuan/mt against Shanghai spot pig iron. The Shanghai-Guangdong price spread remained...

Shanghai Zinc: Premiums Remained Stable, Transactions Deteriorated: The mainstream transaction prices of 0# zinc today were concentrated at 23,480-23,675 yuan/mt, while Shuangyan traded at 23,520-23,725 yuan/mt, and 1# zinc mainstream transactions were at 23,410-23,605 yuan/mt. In the morning session, the market quoted premiums of 10-20 yuan/mt against the average price, with fewer quotes against the contract...

【Ningbo Zinc: Limited Market Supply, High Premiums Maintained】The transaction price of mainstream brand 0# zinc in the Ningbo market was around 23,540-23,730 yuan/mt. The premium for conventional brands in Ningbo was 60 yuan/mt against the 2504 contract, and 50 yuan/mt against Shanghai spot cargo. Mainstream brands in the Ningbo region quoted against the 2504 contract...

Tianjin Zinc: Zinc Prices Fluctuate Downward, Trading Weaker Than Yesterday. In the Tianjin market, the mainstream trading range for #0 zinc ingot was 23,430-23,700 yuan/mt, Zijin traded at 23,590-23,770 yuan/mt, and #1 zinc ingot traded around 23,330-23,510 yuan/mt. Huludao quoted at 26,940 yuan/mt. The premium for #0 zinc ingot against the 2505 contract ranged from a discount of 20 yuan/mt to a premium of 80 yuan/mt, while Zijin quoted a premium of 100-150 yuan/mt against the 2505 contract. The Tianjin market was at a discount of around 10 yuan/mt compared to the Shanghai market.

LME Inventory Continues to Decline, LME Zinc Fluctuates Overnight, LME zinc opened at $2,864.0/mt, reaching the day's high at the opening. Early in the session, shorts increased their positions, causing LME zinc to plunge and hit a low of $2,826/mt during European trading hours. Subsequently, shorts took profits and exited the market, leading to a rise in the center of LME zinc prices. It finally closed up at $2,853.5/mt, an increase of $2/mt, or 0.07%. The trading volume dropped to 10,256 lots, and the open interest decreased by 941 lots to 222,000.