[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.....

[Tianjin Zinc: Contract Rollover Quotes Today, Market Transactions Were Average] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,850-23,160 yuan/mt, with Zijin transactions concluded at 22,900-23,180 yuan/mt. Transactions for #1 zinc ingot were concluded around 22,230-22,470 yuan/mt, while Huludao reported prices at 26,220 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported around 500-580 yuan/mt, with Zijin reporting a premium of 550-600 yuan/mt against the 2506 contract. Tianjin reported a premium of around 40 yuan/mt compared to Shanghai.

[Shanghai Zinc: Few Traders Offering Cargoes in the Market, Trading Inactive]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,780-22,975 yuan/mt, with Shuangyan zinc trading at 22,960-23,135 yuan/mt, and mainstream transaction prices for 1# zinc at 22,710-22,905 yuan/mt. In the morning session, the market saw premiums of 50-60 yuan/mt against the average price, with almost no offers against the futures price...

[Ningbo Zinc: Limited Shipments in Ningbo, Downstream Restocking Based on Immediate Needs] The transaction prices for mainstream brand 0# zinc in the Ningbo market ranged from approximately 22,835 to 23,030 yuan/mt. The regular brands in Ningbo rolled over to the July 2025 (2506) contract, with a premium of 460 yuan/mt against the contract, and were on par with spot cargo in Shanghai. The Ningbo region has started quoting prices against the July 2025 (2506) contract...

SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the non-ferrous metal market.

【SMM Zinc Morning Comment: US GDP Contracts in Q1, Keep an Eye on Subsequent Economic Data】Last Wednesday, LME zinc opened at $2,657.5/mt, initially touching a high of $2,660.5/mt. It then fluctuated rangebound along the daily average line, but rapidly and significantly declined towards the end of the session, hitting a low of $2,580/mt, and ultimately closed down at $2,580.5/mt...

[SMM Zinc Morning Meeting Summary: Strengthening of the US Dollar Index Weighs on LME Zinc Trends]: Last Wednesday, LME zinc opened at $2,657.5/mt. Early in the session, LME zinc reached a high of $2,660.5/mt, then fluctuated rangebound along the daily average line. However, as the session neared its end, LME zinc fell sharply and rapidly, hitting a low of $2,580/mt during the period, and eventually closed down at $2,580.5/mt...

SMM Analysis:During the domestic Labour Day holiday, LME zinc exhibited a slight rebound from a low position. Multiple daily moving averages continued to suppress the daily candlestick of LME zinc. After opening, LME zinc maintained a fluctuating trend, reaching a low of $2,571/mt before rising steadily.....

[SMM Analysis: Review of the Zinc Market During the 2025 Labour Day Holiday and Outlook After the Holiday] During the domestic Labour Day holiday, LME zinc exhibited a trend of slight rebound from a low position. The daily moving averages above continued to suppress the daily candlestick of LME zinc. After the opening, LME zinc maintained a fluctuating trend, dipping to a low of $2,571/mt before rising steadily. The overall price center rebounded somewhat. By the close on Friday, LME zinc ultimately closed up at $2,615/mt, an increase of $34.5/mt compared to the level before the holiday...