[Guangdong Zinc: Downstream Just-in-Time Procurement, Spot Premiums Decline] The mainstream transactions of 0# zinc in Guangdong ranged from 22,510 to 22,905 yuan/mt. Mainstream brands were quoted at a premium of 430 yuan/mt against the 2506 contract, on par with spot zinc in Shanghai. The Shanghai-Guangdong price spread remained...

[Shanghai Zinc: Poor Sales for Traders, Premiums Continue to Decline]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,600-22,975 yuan/mt, with Shuangyan zinc trading at 22,730-23,095 yuan/mt, and 1# zinc trading mainly at 22,530-22,905 yuan/mt. In the morning session, the market offered premiums of 90-120 yuan/mt against the average price, with no quotes against the spot price...

[Ningbo Zinc: Low-priced imported zinc ingots flow in, with a significant decline in Ningbo's premium] The transaction prices for mainstream 0# zinc brands in the Ningbo market ranged from approximately 22,580 to 22,925 yuan/mt. The premium for mainstream brands in Ningbo against the 2506 contract was 450 yuan/mt, and the premium against Shanghai spot cargo was 20 yuan/mt. Mainstream quotes in the Ningbo region were made against the 2506 contract...

[Tianjin Zinc: Downstream Still Bearish on Premiums, Market Trading Sluggish] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,440-22,910 yuan/mt, with Zijin transactions at RMB 22,600-22,990 yuan/mt. Transactions for #1 zinc ingot were around RMB 21,960-22,330 yuan/mt, while Huludao reported prices at RMB 26,080 yuan/mt. The ordinary #0 zinc ingot was quoted at a premium of RMB 360-470 yuan/mt against the 2506 contract, with Zijin quoted at a premium of RMB 520-550 yuan/mt against the 2506 contract. Tianjin was quoted at a discount of around RMB 30 yuan/mt against Shanghai.

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a small bearish candlestick, but the center of the daily candlestick moved upward, with the 5-day moving average providing support below. The overall changes in zinc fundamentals were relatively small, with low inventory forming a floor support for zinc prices. Macroscopically...