[Traders Continue to Refuse to Budge on Prices, Spot Premiums Remain Stable]: This week, spot premiums in Ningbo fluctuated rangebound, decreasing by 60 yuan/mt from the weekly average price WoW. As of Friday this week, spot prices against the 2506 contract in Ningbo were quoted at a premium of 265 yuan/mt, and against the SHFE, at a premium of 70 yuan/mt. The premium against the SHFE expanded continuously during the week...

[Downstream End-Users Purchase on Necessity, Premiums Continue to Pull Back]: This week, the quoted premiums in the Shanghai region continued to pull back, with an WoW decrease of 80 yuan/mt from the weekly average price. As of Friday this week, the quoted premiums for ordinary domestic brands against the 2506 contract ranged from 230 to 260 yuan/mt, while the premium for the high-end brand Shuangyan against the 2506 contract was 450 yuan/mt, and the premium for SMC against the 2506 contract was 250 yuan/mt...

[Guangdong Zinc: Spot Cargo Transactions Weaken, Premiums and Discounts Decline Slightly Today] The mainstream transactions of 0# zinc in Guangdong ranged from 22,620 to 22,765 yuan/mt. Mainstream brands were quoted at a premium of 350 yuan/mt against the 2507 contract, and at a discount of 10 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed....

[Shanghai Zinc: Arrival of Qilin Zinc Ingots, Transactions Weaken Slightly]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,695-22,815 yuan/mt. Shuangyan zinc ingots were traded at 22,915-23,005 yuan/mt, while mainstream transaction prices for 1# zinc were in the range of 22,625-2,245 yuan/mt. In the morning session, the market offered a premium of 30-60 yuan/mt against the average price, with no quotes against the spot price.....

[Tianjin Zinc: Downstream Buyers Made Small-Scale Restocking as Weekend Approached, Premiums Remained Stable] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,640-22,780 yuan/mt, with Zijin transactions at 22,690-22,820 yuan/mt. Transactions for #1 zinc ingot were concluded around 22,320-22,440 yuan/mt, while Huludao reported prices at 26,070 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported around 200-230 yuan/mt, and the premium for Zijin against the 2506 contract was reported around 250-270 yuan/mt. The Tianjin market was quoted at a discount of around 10 yuan/mt compared to the Shanghai market.

[Ningbo Zinc: Limited Market Supply, Premium Remains High] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,735-22,815 yuan/mt. The premium for mainstream brands in Ningbo against the 2506 contract is 265 yuan/mt, and the premium against Shanghai spot cargo is 70 yuan/mt. Mainstream players in the Ningbo region are quoting prices against the 2506 contract...

Overnight, LME copper opened at $9,463.5/mt, dipping to a low of $9,433.5/mt shortly after the opening bell. It then fluctuated upward, reaching a high of $9,519.5/mt near the close, ultimately closing at $9,519.5/mt, up 0.34%.

[SMM Zinc Morning Comment] Overnight, LME zinc opened at $2,683/mt. In the early session, LME zinc fluctuated considerably along the daily average line. During European trading hours, it dipped to a low of $2,669/mt. Entering the night session, LME zinc quickly rose above the daily average line, hitting a high of $2,707.5/mt. Subsequently, the price center of LME zinc fluctuated rangebound around $2,700/mt. It eventually closed up at $2,704.5/mt, up $20/mt or 0.75%. Trading volume decreased to 80,249 lots, while open interest fell by 866 lots to 212,000 lots...

[SMM Morning Meeting Summary: PMI Data Rebounds Strongly, LME Zinc Records a Bullish Candlestick] Overnight, LME zinc opened at $2,683/mt. In the early session, LME zinc fluctuated considerably along the daily average line, dipping to a low of $2,669/mt during European trading hours. Entering the night session, LME zinc rapidly rose above the daily average line, hitting a high of $2,707.5/mt. Subsequently, the price center of LME zinc fluctuated rangebound around $2,700/mt, eventually closing up at $2,704.5/mt, up $20/mt or 0.75%. Trading volume decreased to 80,249 lots, while open interest fell by 866 lots to 212,000 lots.