SMM7 7th SMM0# zinc regional price difference

[SMM Flash] According to SMM communication, as of Thursday (September 17), the total zinc ingot inventory across seven SMM locations was 213,500 mt, down 4,700 mt from September 10 and down 9,000 mt from September 14. China's inventory decreased.

【East China Refined Zinc Market】According to SMM data, zinc prices fell to around RMB 26,000/mt this week, prompting downstream buyers to actively replenish inventories at lower price levels. On September 17, Shanghai zinc ingot inventories fell by 7,600 mt from September 14 to 75,300 mt. Meanwhile, opportunities remained available in bill transactions. With overall zinc ingot availability in the Shanghai market relatively limited recently, holders remained firm on offers, driving spot premiums across the East China market steadily higher.

Zhongjin Lingnan announced that its Fankou lead-zinc mine has completed rectification in accordance with the relevant work requirements of the Guangdong Provincial Department of Emergency Management, and has passed the acceptance inspections by higher-level safety regulatory authorities at each level. Production will resume from September 17, 2026. The company previously disclosed that at approximately 9:45 a.m. on August 1, 2026, a roof fall accident occurred in an underground stope access at the Fankou lead-zinc mine, resulting in one fatality. After the accident, the company received the "Notice on Ordering the Fankou Lead-Zinc Mine to Suspend Production" issued by the Shaoguan Emergency Management Bureau, and the Fankou lead-zinc mine suspended production in accordance with the notice.