[Tianjin Zinc: Futures Market Rebounds, Premium Continues to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingots were concluded at 22,080-22,180 yuan/mt, with Zijin transactions at 22,120-22,230 yuan/mt, and #1 zinc ingot transactions around 21,920-22,020 yuan/mt. Huludao reported prices at 25,510 yuan/mt. The premium for ordinary #0 zinc against the 2507 contract was reported around 40-50 yuan/mt, while the premium for Zijin against the 2507 contract was reported around 80-100 yuan/mt. The Tianjin market reported a discount of around 50 yuan/mt compared to the Shanghai market.

[Guangdong Zinc: Futures Market Center Rises, Spot Premiums Decline Slightly] Mainstream transactions of 0# zinc in Guangdong ranged from 22,030 to 22,185 yuan/mt. Mainstream brands traded at a premium of 180 yuan/mt against the 2508 contract, and at a discount of 50 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed...

[Ningbo Zinc: Arrival of Qilin Zinc Ingots, Spot Premiums Continue to Decline] The transaction prices for mainstream 0# zinc brands in the Ningbo market ranged around 22,160-22,235 yuan/mt. The mainstream brands in Ningbo were quoted at a premium of 95 yuan/mt against the 2507 contract, and at parity with Shanghai spot cargo. Mainstream quotes in the Ningbo region were against the 2507 contract...

[Shanghai Zinc: Limited Market Supply, Traders Continue to Refuse to Budge on Prices]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,170-22,275 yuan/mt, with Shuangyan zinc trading at 22,320-22,435 yuan/mt, and mainstream transaction prices for 1# zinc at 22,100-22,265 yuan/mt. In the morning session, the market offered a premium of 10-30 yuan/mt against the average price, with no quotes against the benchmark price.....

Overnight, LME copper opened at $9,643.5/mt, dipping to a low of $9,615.0/mt and peaking at $9,697.0/mt, before closing at $9,694.5/mt, up 0.35%.

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2508 contract opened at 21,875 yuan/mt. In the early session, SHFE zinc oscillated and consolidated along the daily average line. Subsequently, with bulls increasing their positions, SHFE zinc rapidly rose and touched a high of 22,030 yuan/mt. It eventually closed up at 21,995 yuan/mt, gaining 215 yuan/mt, or 0.99%. Trading volume decreased to 95,930 lots, while open interest increased by 7,042 lots to 118,000 lots.

[SMM Morning Meeting Summary: Improved Macro Sentiment Drives LME Zinc Higher] Overnight, LME zinc opened at $2,644.5/mt. Early in the session, LME zinc briefly dipped to a low of $2,628/mt before bulls increased their positions, driving LME zinc higher throughout the session. It touched a high of $2,690/mt near the close and ultimately closed up at $2,686/mt, gaining $37/mt, or 1.40%. Trading volume increased to 12,083 lots, while open interest rose by 1,944 lots to 210,000 lots.

[Domestic Zinc Inventory Increases, SHFE Zinc Forms "V"-Shaped Trend] The most-traded SHFE zinc 2507 contract opened at 21,750 yuan/mt. In the early session, SHFE zinc immediately reached a high of 21,800 yuan/mt. Subsequently, as bears increased their positions, SHFE zinc fluctuated downward, falling below the daily average line to a low of 21,635 yuan/mt. Then, as bulls increased their positions, SHFE zinc rapidly rose above the daily average line. In the closing session, amid a tug-of-war between longs and shorts, the price center of SHFE zinc fluctuated rangebound around 21,760 yuan/mt. It eventually closed higher at 21,780 yuan/mt, up 105 yuan/mt or 0.48%. Trading volume increased to 111,000 lots, and open interest rose by 5,745 lots to 111,000 lots.....

[Tianjin Zinc: Low Procurement Enthusiasm from Downstream, Spot Premiums Decline] In the Tianjin market, mainstream transactions for #0 zinc ingots were concluded at 21,920-22,130 yuan/mt, with Zijin transactions at 22,010-22,140 yuan/mt. Transactions for #1 zinc ingots were around 21,740-21,870 yuan/mt, while Huludao reported prices at 25,390 yuan/mt. Regular #0 zinc reported premiums of 60-150 yuan/mt against the 2507 contract, with Zijin reporting premiums of 150-160 yuan/mt against the 2507 contract. Tianjin reported prices at a discount of around 10 yuan/mt compared to Shanghai.