[SMM Flash News] Today, mainstream transactions of #0 zinc ingot in Guangdong were concluded at RMB 22,190-22,390/mt. Mainstream brands were quoted at a premium of RMB 270/mt against the 2507 contract, and at a premium of RMB 30/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened. In the first instance, suppliers offered Qilin, Mengzi, Anning, and Lanxin zinc at a premium of RMB 265-300/mt. In the second instance, Qilin, Mengzi, Anning, and Lanxin zinc were offered at a premium of RMB 265-300/mt against the online price. There were many ex-mill quotes in the market today. Downstream players had restocked at lower prices in the early stage, and currently, they were mainly restocking based on immediate needs, leading to a decline in spot premiums.