[Guangdong Zinc: Market Sentiment Leans Towards Wait-and-See, Spot Transactions Weaken] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,795-23,135 yuan/mt. Mainstream brands were quoted at a premium of 515 yuan/mt against the 2506 contract and at a 0 yuan/mt premium against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed.....

[Shanghai Zinc: Traders Stand Firm on Quotes, Downstream Demand Purchases Goods]: Today, the mainstream transaction prices of 0# zinc were concentrated in the range of 22,740 to 23,030 yuan/mt. Shuangyan zinc was traded at 22,840 to 23,130 yuan/mt, while 1# zinc was mainly traded at 22,670 to 22,960 yuan/mt. In the morning session, the market offered premiums of 80 to 150 yuan/mt against the average price, with almost no offers against the futures price...

[Tianjin Zinc: Downstream Purchasing Enthusiasm Remains Low, Market Transactions Are Average] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,690-23,030 yuan/mt, with Zijin transactions at 22,820-23,130 yuan/mt. Transactions for #1 zinc ingot were around 22,120-22,420 yuan/mt, while Huludao reported prices at 26,130 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was around 450-500 yuan/mt, and the premium for Zijin against the 2506 contract was 580-600 yuan/mt. Tianjin reported a discount of around 10 yuan/mt against Shanghai, with the price spread between Tianjin and Shanghai narrowing.

[Ningbo Zinc: Price Spread for Nearby Months Widens, Premium Continues to Rise] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,820-23,090 yuan/mt. The premium for conventional brands in Ningbo against the 2506 contract is 565 yuan/mt, and the premium against Shanghai spot cargo is 50 yuan/mt. The Ningbo region has started to quote prices against the 2506 contract...

[SMM Zinc Morning Meeting Summary: Market Concerns Over Demand Persist, LME Zinc Gains Limited]: Overnight, LME zinc opened at $2,626/mt. After a slight decline in the early session, LME zinc rebounded from the lows, reaching a high of $2,664.5/mt. Subsequently, SHFE zinc fluctuated upward above the daily average line, followed by another decline in LME zinc during the night session, hitting a low of $2,621/mt. Near the close, LME zinc rebounded from the lows to near the daily average line, eventually closing up at $2,626.5/mt, up $11.5/mt, or 0.44%...

[SMM Zinc Morning Comment: Limited Fundamental Support, SHFE Zinc in the Doldrums] Overnight, LME zinc opened at $2,626/mt. After a slight decline in the early session, LME zinc rebounded from the lows, reaching a high of $2,664.5/mt. Subsequently, SHFE zinc fluctuated upward above the daily average line. Then, LME zinc declined again during the night session, hitting a low of $2,621/mt. Near the close, LME zinc rebounded from the lows to near the daily average line, eventually closing up at $2,626.5/mt, up $11.5/mt, or 0.44%...

["[Domestic Inventory Accumulates, SHFE Zinc in the Doldrums]: The most-traded SHFE zinc 2506 contract opened at 22,390 yuan/mt. In the early session, SHFE zinc briefly rose to a high of 22,580 yuan/mt. Subsequently, bears increased their positions, causing SHFE zinc to dive and touch a low of 22,300 yuan/mt. Afterwards, SHFE zinc fluctuated considerably along the daily average line, eventually closing down at 22,355 yuan/mt, a decrease of 85 yuan/mt or 0.38%. Trading volume fell to 115,000 lots, while open interest increased by 5,719 lots to 112,000 lots."]

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 6 May, 2025

[Guangdong Zinc: Market Turnover Improves, Spot Premiums/Discounts Rise] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,935-23,065 yuan/mt. Mainstream brands were quoted at a premium of 500 yuan/mt against the 2506 contract, and at a premium of 50 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened.....