[Guangdong Zinc: Market Consumption Remains Weak, Spot Premiums/Discounts Unchanged] The mainstream transaction price of 0# zinc in Guangdong ranged from 22,000 to 22,125 yuan/mt. The mainstream brands were quoted at a discount of 40 yuan/mt against the 2508 contract and at a discount of 70 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained...

[Tianjin Zinc: Futures Market Remains Weak, Traders Dominate Transactions] In the Tianjin market, the mainstream transactions for #0 zinc ingot were between 22,040 and 22,150 yuan/mt, with Zijin transactions ranging from 22,080 to 22,180 yuan/mt. Transactions for #1 zinc ingot were around 21,940 to 22,040 yuan/mt, while Huludao reported a price of 23,080 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0 to 10 yuan/mt against the 2508 contract, with Zijin quoted at a premium of 20 to 30 yuan/mt against the 2508 contract. The Tianjin market was quoted at a discount of around 40 yuan/mt compared to the Shanghai market.

[SMM EMM Daily Review: EMM Plant Quotations Remain Firm, Spot Prices Stabilize] The average spot price of EMM in major producing areas ranges from 13,500 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,920/mt, unchanged MoM. Supply side, most EMM plants maintain firm quotations, with some holding back from selling temporarily. Traders generally follow the firm quotations of EMM plants, making it difficult to find low-priced goods in the market. Demand side, downstream steel mills are cautious and adopting a wait-and-see sentiment. Steel tenders are entering the market one after another, and market participants are paying close attention to the progress of these tenders.

[Shanghai Zinc: Trading Improves, Spot Premiums Hold Steady]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,120 to 22,225 yuan/mt, with Shuangyan zinc trading between 22,200 and 22,285 yuan/mt, and 1# zinc trading between 22,050 and 22,155 yuan/mt. In the morning session, the market offered spot premiums of 10 to 30 yuan/mt against the SMM average price, with fewer offers against the futures price.....

[Ningbo Zinc: Premium Continues to Decline with Moderate Trading] The mainstream brand 0# zinc in the Ningbo market traded at around 22,100-22,175 yuan/mt. The premium of conventional brands in Ningbo was quoted at 20 yuan/mt against the 2508 contract, while the discount against Shanghai spot cargo was 10 yuan/mt. Mainstream offers in the Ningbo region were primarily made against the 2508 contract....

[SMM Tin Midday Review: SHFE tin weakens under pressure, awaiting macro guidance amid weak supply and demand] The most-traded SHFE tin contract (2508): opened at 265,810 yuan/mt today, closed at 263,240 yuan/mt at midday, down 1.12%. The intraday fluctuation range was 263,000–266,000 yuan/mt, with the price center slightly shifting downward, reflecting a rise in market risk-aversion sentiment. LME tin continuous contract: temporarily reported at $33,350/mt, down slightly by 0.63%; fluctuating downward in the Asian session. Inventory dynamics: Total LME tin inventory fell to 2,095 mt, with low inventory providing bottom support for prices.