[Guangdong Zinc: Downstream sentiment is bearish, spot premiums/discounts continue to decline] Mainstream transactions of 0# zinc in Guangdong were concluded at 22,505-22,715 yuan/mt. Mainstream brands offered a premium of 310 yuan/mt against the 2506 contract, and a discount of 20 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened....

[Tianjin Zinc: Premiums Decline as Delivery Approaches] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,390-22,830 yuan/mt, with Zijin transactions at 22,640-22,870 yuan/mt. Transactions for #1 zinc ingot were around 20,020-22,250 yuan/mt, while Huludao reported prices at 26,010 yuan/mt. The ordinary #0 zinc ingot was quoted at a premium of 250-470 yuan/mt against the 2506 contract, with Zijin quoted at a premium of 500-510 yuan/mt against the 2506 contract. Tianjin prices were quoted at a discount of around 30 yuan/mt compared to Shanghai prices.

[Shanghai Zinc: Significant Narrowing of Near-Month Price Spread, Premium Continues to Decline]: Today, the mainstream transaction prices of 0# zinc were concentrated in the range of 22,535-22,785 yuan/mt, with Shuangyan zinc trading at 22,835-23,015 yuan/mt, and 1# zinc trading mainly at 22,465-22,715 yuan/mt. In the morning session, the market offered a premium of 70-100 yuan/mt against the average price, with no quotes against the on-screen price...

[Ningbo Zinc: Significant Divergence Between Imported and Domestic Products, Downstream Maintains Rigid Demand for Purchases] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,665-22,695 yuan/mt. The premium of conventional brands in Ningbo against the 2506 contract was 350 yuan/mt, and the premium against Shanghai spot cargo was 20 yuan/mt. Mainstream brands in the Ningbo region primarily quoted against the 2506 contract.

[SMM Zinc Morning Comment] Overnight, the LME zinc contract recorded a long upper shadow bullish candlestick, with the 40-day moving average acting as resistance above. Significant progress was made in the China-U.S. trade negotiations, and global stock markets rose...

[SMM Morning Meeting Summary: Macro Sentiment Improves but Fundamentals Lack Support, Zinc Prices Maintain Sideways Movement] Overnight, SHFE zinc recorded a long upper shadow bearish candlestick, with the 5-day moving average providing support below. Although the China-U.S. Geneva economic and trade talks reached an agreement on tariff reductions overnight, improving market sentiment, traders remained cautious in their overall trading, coupled with...

[Joint Statement Released After China-U.S. Talks, SHFE Zinc's Price Center Moves Upward]: The most-traded SHFE zinc 2506 contract opened at 22,365 yuan/mt. In the early trading session, bears increased their positions, causing SHFE zinc to fluctuate downward below the daily average line, dipping to a low of 22,080 yuan/mt. Subsequently, bears reduced their positions, and SHFE zinc rose steadily above the daily average line, reaching a high of 22,515 yuan/mt. It eventually closed higher at 22,490 yuan/mt, up 300 yuan/mt or 1.35%. Trading volume increased to 230,000 lots, while open interest decreased by 1,140 lots to 118,000 lots.....

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 May, 2025