[Ningbo Zinc: Traders Lower Spot Premiums, Enterprises Purchase as Needed] The transaction prices of mainstream 0# zinc brands in the Ningbo market ranged from approximately 22,540 to 22,615 yuan/mt. The regular zinc brands in Ningbo were quoted at a premium of 330 yuan/mt against the 2507 contract, and at a premium of 30 yuan/mt against spot cargo in Shanghai. Mainstream quotes in the Ningbo region were made against the 2507 contract...

[Shanghai Zinc: Premiums Continue to Fall, Trading Remains Sluggish]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 22,570-22,695 yuan/mt, with Shuangyan trading at 22,640-22,785 yuan/mt, and mainstream transaction prices for 1# zinc at 22,500-22,625 yuan/mt. In the morning session, the market offered premiums of 50-70 yuan/mt against the average price, with no quotes against the screen price.....

[Guangdong Zinc: Low Buying Sentiment in Downstream, Spot Premiums/Discounts Continue to Decline] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,465-22,605 yuan/mt. Mainstream brands offered premiums of 245-270 yuan/mt against the 2507 contract, and discounts of 30 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed...

[Tianjin Zinc: Overall Trading Volume Remains Low, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,390-22,630 yuan/mt, with Zijin transactions at RMB 22,500-22,680 yuan/mt. #1 zinc ingot transactions were concluded around RMB 22,050-22,220 yuan/mt, while Huludao reported prices at RMB 25,950 yuan/mt. The ordinary #0 zinc ingot was quoted at a premium of RMB 220-300 yuan/mt against the 2507 contract, with Zijin quoted at a premium of RMB 330-350 yuan/mt against the 2507 contract. Tianjin reported a discount of around RMB 60 yuan/mt compared to Shanghai.

[SMM Morning Meeting Summary: Zinc Prices Predominantly in the Doldrums Amidst Increasing Supply and Weakening Demand] Last Friday, SHFE zinc recorded a bearish candlestick, with the daily candlestick's center moving downward and the KDJ indicator's opening expanding downward. The supply side of zinc fundamentals is expected to continue increasing, while consumption remains...

[SMM Zinc Morning Comment] LME zinc recorded three consecutive negative sessions on Friday, with the 40-day moving average providing support below. Non-farm payrolls data on Friday exceeded expectations, weakening expectations for US Fed interest rate cuts this year...

[Production Resumptions at Enterprises During the Week, Operating Rate of Die-Casting Zinc Alloy Rises This Week] This week, the operating rate of die-casting zinc alloy reached 53.68%, up 4.87 percentage points WoW. On the raw material side, zinc prices maintained a fluctuating trend overall this week. Meanwhile, downstream demand weakened after the Dragon Boat Festival. Die-casting zinc alloy enterprises mainly made just-in-time procurement, and raw material inventory decreased WoW...

[Traders faced difficulties in shipping cargo during the week, with spot premiums/discounts continuously declining] This week, spot premiums in Guangdong declined, dropping by 55 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 265~345 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed...

[SHFE zinc records a bullish candlestick; attention can be paid to the evening's non-farm payrolls performance] The most-traded SHFE zinc 2507 contract opened at 22,260 yuan/mt. In the early session, bulls reduced their positions, and SHFE zinc fluctuated upward above the daily average line. Towards the end of the session, bulls increased their positions, pushing SHFE zinc to a high of 22,415 yuan/mt. It eventually closed higher at 22,385 yuan/mt, up 45 yuan/mt, or 0.20%. Trading volume increased by 174,000 lots, while open interest decreased by 4,939 lots to 120,000 lots.....

[Downstream Procurement Demand Slows Down, Social Inventory of Zinc Increases] According to communication with SMM, as of Thursday (June 5), the total inventory of zinc ingots across seven locations tracked by SMM was 79,300 mt, an increase of 4,300 mt from May 29 and an increase of 1,900 mt from June 3. Domestic inventory recorded an increase...