[SMM Data] SMM News on April 28: According to SMM's communication and understanding, as of Monday (April 28) this week, the total zinc ingot inventory across seven locations tracked by SMM was 85,900 mt, a decrease of 7,100 mt from April 21 and an increase of 100 mt from April 24, with domestic inventory recording an increase. Over the weekend, imported zinc ingots arrived in the Shanghai region, driving up the overall inventory in warehouses. In the Guangdong region, inventory continued to decline due to fewer arrivals over the weekend. In the Tianjin region, arrivals were relatively normal while downstream entities gradually picked up goods, resulting in relatively small inventory changes. Overall, the original three-location inventory increased by 700 mt, and the seven-location inventory increased by 100 mt.

[Shanghai Zinc: Imported Zinc Ingots Arriving Successively, Premiums Struggle to Rise]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,850-22,980 yuan/mt, with Shuangyan zinc ingots trading at 23,030-23,150 yuan/mt, and 1# zinc trading mainly at 22,780-22,910 yuan/mt. In the morning session, the market offered premiums of 0-10 yuan/mt against the average price, with fewer quotes against the futures price...

[Ningbo Zinc: Downstream Buyers Stock Up at Lower Prices, Spot Premiums Moderate] The transaction prices for mainstream brand 0# zinc in the Ningbo market ranged around 22,880-22,970 yuan/mt. The premium for mainstream brands in Ningbo against the 2505 contract was 175 yuan/mt, and the premium against Shanghai spot cargo was 10 yuan/mt. Mainstream players in the Ningbo region quoted prices against the 2505 contract...

[Guangdong Zinc: Futures Market Declines Combined with Lower Cargo Volume Lead to Increase in Spot Premiums/Discounts Today] The mainstream transactions of 0# zinc in Guangdong ranged from 22,880 to 23,115 yuan/mt. Mainstream brands were quoted at a premium of 480 yuan/mt against the 2506 contract, and at a premium of 30 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed.....

[Tianjin Zinc: Downstream Restocking Sentiment Remains Average, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,910-23,130/mt, with Zijin transactions at RMB 23,020-23,150/mt. Transactions for #1 zinc ingot were concluded around RMB 22,560-22,690/mt, with Huludao quoted at RMB 26,240/mt. Regular #0 zinc ingot was quoted at a premium of RMB 230-330/mt against the 2505 contract, while Zijin was quoted at a premium of RMB 340-350/mt against the 2505 contract. Tianjin was quoted at a premium of around RMB 80/mt against the Shanghai market.