[SHFE Zinc's Price Center Corrects as Refinery Maintenance News is Largely Absorbed] The most-traded SHFE zinc 2507 contract opened at 22,610 yuan/mt. Bulls reduced their positions in the early session, causing SHFE zinc to dive lower. It then consolidated near 22,300 yuan/mt, dipping to a low of 22,175 yuan/mt during the session. The contract eventually closed higher at 22,330 yuan/mt, up 145 yuan/mt or 0.65%. Trading volume increased to 343,000 lots, while open interest rose by 3,048 lots to 122,000 lots.

[Tianjin Zinc: Downstream Purchase Sentiment Remains Low, Premiums Stabilize] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,710-23,060 yuan/mt, with Zijin transactions at 22,770-23,110 yuan/mt. Transactions for #1 zinc ingot were around 22,390-23,110 yuan/mt, while Huludao reported prices at 26,090 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported around 200-240 yuan/mt, with Zijin reporting a premium of 260-300 yuan/mt against the 2506 contract. The Tianjin market was reported to be on par with the Shanghai market.

[Guangdong Zinc: Market Sentiment Turns Wait-and-See, Spot Premiums/Discounts Rise] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,690-23,145 yuan/mt. Mainstream brands were quoted at a premium of 405 yuan/mt against the 2507 contract, and at a discount of 40 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened...

[Shanghai Zinc: Traders Reluctant to Sell, Premiums Rise MoM]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,750-23,115 yuan/mt, with Shuangyan zinc trading at 22,960-23,265 yuan/mt, and 1# zinc trading mainly at 22,680-23,045 yuan/mt. In the morning session, the market offered premiums of 80-100 yuan/mt against the average price, with no quotes against the spot price...

[Ningbo Zinc: Import Supply Continues, Premiums Remain Stable] The mainstream brand 0# zinc transaction price in the Ningbo market ranged around 22,780-23,085 yuan/mt. The conventional brands in Ningbo were quoted at a premium of 270 yuan/mt against the 2506 contract and a premium of 70 yuan/mt against Shanghai spot cargo. Mainstream offers in the Ningbo region were primarily made against the 2506 contract.

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2507 contract opened at 22,185 yuan/mt. In the early session, SHFE zinc oscillated and consolidated along the daily average line. Later, news broke that a domestic smelter continued maintenance and production suspension. Bulls entered the market, driving SHFE zinc prices higher, reaching a high of 22,695 yuan/mt at the end of the session. It finally closed at 22,645 yuan/mt, up 460 yuan/mt or 2.07%. Trading volume increased to 17.3 lots, while open interest rose by 13,984 lots to 133,000 lots.

[SMM Morning Meeting Summary: Smelter Maintenance News Drives Up SHFE Zinc Prices] Overnight, due to the UK's Spring Bank Holiday, the LME was closed for the day. Overnight, the most-traded SHFE zinc 2507 contract opened at 22,185 yuan/mt. In the early session, SHFE zinc oscillated and consolidated along the daily average line. Later, news broke that a domestic smelter continued maintenance and production suspension, prompting bulls to enter the market. SHFE zinc prices surged, reaching a high of 22,695 yuan/mt at the end of the session, and ultimately closed at 22,645 yuan/mt, up 460 yuan/mt or 2.07%. Trading volume increased to 17.3 lots, while open interest rose by 13,984 lots to 133,000 lots.

[Social Inventory of Zinc Ingots Declines, Zinc Prices Fluctuate]: The most-traded SHFE zinc 2507 contract opened at 22,285 yuan/mt. In the early session, bears increased their positions, causing SHFE zinc prices to dive. Subsequently, prices fluctuated and consolidated along the daily average line, eventually closing lower at 22,185 yuan/mt, down 30 yuan/mt or 0.14%. Trading volume increased to 143,000 lots, while open interest rose by 4,451 lots to 119,000 lots.

[Guangdong Zinc: Limited spot cargo in circulation, spot premiums/discounts rise] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,515-22,730 yuan/mt. Mainstream brands were quoted at a premium of 370 yuan/mt against the 2507 contract, and at a discount of 20 yuan/mt against spot aluminum in Shanghai. The Shanghai-Guangdong price spread widened...