The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 8 May, 2025

[Guangdong Zinc: Sluggish Market Transactions, Spot Premiums Decline] Mainstream transactions of 0# zinc in Guangdong were concluded at 22,670-23,005 yuan/mt. Mainstream brands were quoted at a premium of 500 yuan/mt against the 2506 contract, on par with spot aluminum in Shanghai. The Shanghai-Guangdong price spread remained...

[Shanghai Zinc: Downstream Players Continue to Wait and See, Poor Trading Persists]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,690-23,025 yuan/mt. Shuangyan zinc was traded at 22,820-23,125 yuan/mt, and mainstream transaction prices for 1# zinc were in the range of 22,620-22,955 yuan/mt. In the morning session, the market offered a premium of 100-180 yuan/mt against the average price, with almost no offers against the futures price...

[Ningbo Zinc: Downstream Demand Drives Purchases, Ningbo Premium Remains] The transaction prices for mainstream brand 0# zinc in the Ningbo market ranged from approximately 22,770 to 22,985 yuan/mt. The mainstream brands in Ningbo offered a premium of 560 yuan/mt against the 2506 contract and a premium of 60 yuan/mt against Shanghai spot cargo. The mainstream market in Ningbo provided quotes against the 2506 contract...

[Tianjin Zinc: Futures Market Rises Slightly, Premiums Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,610-22,920 yuan/mt, with Zijin transactions at 22,770-23,020 yuan/mt. #1 zinc ingot transactions were concluded around 22,070-22,310 yuan/mt, while Huludao reported prices at 26,210 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported around 420-500 yuan/mt, with Zijin reporting a premium of 580-600 yuan/mt against the 2506 contract. Tianjin reported a discount of around 20 yuan/mt compared to Shanghai.

【SMM Zinc Morning Meeting Summary: Macro Sentiment Has Not Improved, LME Zinc Continues to Decline】: Overnight, LME zinc opened at $2,638/mt. In the early session, LME zinc rose to a high of $2,658/mt, then quickly pulled back and began to oscillate. During the mid-session, LME zinc rebounded again above the daily average line, but declined again near the end of the session, reaching a low of $2,613/mt during the period. It finally closed down at $2,613/mt, down $13.5/mt, or 0.51%...

[SMM Zinc Morning Comment: Zinc Supply Remains Loose, SHFE Zinc Maintains Fluctuating Trend] Overnight, LME zinc opened at $2,638/mt. In the early session, LME zinc rose to a high of $2,658/mt, then quickly pulled back and began to fluctuate. During the mid-session, LME zinc rebounded again above the daily average line, but declined again near the end of the session, touching a low of $2,613/mt during the period. It finally closed down at $2,613/mt, down $13.5/mt, or 0.51%...

["[Weak Consumption Expectations, SHFE Zinc in the Doldrums]: The most-traded SHFE zinc 2506 contract opened at 22,420 yuan/mt. In the early session, SHFE zinc briefly rose to a high of 22,530 yuan/mt. Subsequently, bears increased their positions, causing SHFE zinc to fluctuate downward throughout the session. The closing price marked the intraday low, with the contract closing down at 22,210 yuan/mt, a decrease of 145 yuan/mt or 0.65%. Trading volume increased to 156,000 lots, while open interest rose by 4,986 lots to 117,000 lots."]