[Tianjin Zinc: Futures Market Declines, Limited Improvement in Trading Volume] In the Tianjin market, mainstream transactions for #0 zinc ingot were conducted at 22,190-22,440 yuan/mt, with Zijin transactions at 22,230-22,450 yuan/mt. Transactions for #1 zinc ingot were around 22,100-22,310 yuan/mt, while Huludao reported prices at 25,640 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 30 yuan/mt to a premium of 20 yuan/mt against the 2507 contract, with Zijin quoted at a premium of 10-30 yuan/mt against the 2507 contract. The Tianjin market was quoted at a discount of around 70 yuan/mt compared to the Shanghai market.

[Shanghai Zinc: Futures Market Declines Significantly, Transaction Volume Improves]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,300 to 22,520 yuan/mt, with Shuangyan zinc trading at 22,400 to 22,620 yuan/mt, and 1# zinc trading mainly at 22,230 to 22,450 yuan/mt. In the morning session, the market offered a premium of 10 to 30 yuan/mt against the SMM average price, with no offers against the futures market...

Today, spot #1 copper cathode in North China traded at a discount of 150 yuan/mt to 90 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, up 30 yuan/mt from the previous trading day. The transaction price ranged from 79,820 yuan/mt to 79,950 yuan/mt, with an average price of 79,885 yuan/mt, up 175 yuan/mt from the previous trading day.

[Ningbo Zinc: Arrival of Qilin Zinc Ingots, Premium Remains Stable] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,280-22,470 yuan/mt. The premium for mainstream brands in Ningbo against the 2507 contract is 55 yuan/mt, and the premium against Shanghai spot cargo is 20 yuan/mt. Mainstream brands in the Ningbo region are quoting against the 2507 contract...

[SMM Lithium Battery Market Analysis: China's LFP Material Production Rose 1.56% MoM in June] In June 2025, China's LFP cathode material production rose 1.56% MoM and was up 59% YoY, with an industry operating rate of 57%. The operating rates of leading material producers were significantly increasing, but production at some small and medium-sized producers declined slightly due to fluctuations in downstream battery cell manufacturers' demand.