Overnight, LME copper opened at $9,678.5/mt, touching a low of $9,664/mt shortly after the opening bell.

[SMM Zinc Morning Comment] Overnight, LME zinc opened at $2,620/mt. In the early session, LME zinc fluctuated around the daily average line, dipping to a low of $2,610.5/mt during the period. Subsequently, LME zinc rapidly rose above the daily average line, hitting a high of $2,665/mt. Entering the night session, LME zinc briefly declined below the daily average line but recovered some of the losses towards the end of the session, ultimately closing up at $2,660/mt, a gain of $33.5/mt or 1.28%. Trading volume decreased to 124,000 lots, while open interest increased by 41,145 lots to 248,000 lots...

[SMM Morning Meeting Summary: Foreign Media Reports Iran Seeking Talks with US and Israel, LME Zinc Records a Large Bullish Candlestick] Overnight, the LME zinc contract opened at $2,620/mt. In the early session, LME zinc fluctuated around the daily average line, dipping to a low of $2,610.5/mt during the period...

[Today's Delivery: SHFE Zinc Fluctuated During Daytime Trading]: The most-traded SHFE zinc 2507 contract opened at 21,880 yuan/mt. At the beginning of the session, bulls reduced their positions, causing SHFE zinc to quickly decline and fluctuate below the daily average line. Subsequently, shorts reduced their positions, and SHFE zinc fluctuated upward, reaching a high of 21,935 yuan/mt. It eventually closed higher at 21,840 yuan/mt, up 25 yuan/mt or 0.11%. Trading volume decreased to 164,000 lots, and open interest fell by 6,896 lots to 116,000 lots.

[Guangdong Zinc: Futures Market Maintains Fluctuating Trend, Market Transactions Sluggish] The mainstream transactions of 0# zinc in Guangdong ranged from 21,950 to 22,180 yuan/mt. Mainstream brands were quoted at a premium of 210 yuan/mt against the 2507 contract, and at a discount of 10 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed...

[Ningbo Zinc: Some Downstream Users Bought the Dip, with Moderate Trading Performance] The mainstream 0# zinc brands in the Ningbo market traded at around 22,030-22,120 yuan/mt. The premium of conventional Ningbo brands was quoted at 240 yuan/mt against the 2507 contract and 20 yuan/mt against Shanghai spot cargo. Mainstream offers in the Ningbo region were mainly made against the 2507 contract.

[Shanghai Zinc: Arrival of Qilin Zinc Ingots Over the Weekend, Premiums Continue to Weaken]: Today, mainstream transaction prices for 0# zinc were concentrated in the range of 21,970-22,120 yuan/mt, with Shuangyan zinc ingots trading at 22,080-22,260 yuan/mt, and mainstream transaction prices for 1# zinc at 21,900-22,050 yuan/mt. In the morning session, the market offered premiums of 10-30 yuan/mt against the average price, with no quotes against the futures price...

[Tianjin Zinc: Delivery Today, Moderate Trading Volume] In the Tianjin market, the mainstream transactions for #0 zinc ingot were concluded at 21,950-22,110 yuan/mt, with Zijin transactions at 22,050-22,220 yuan/mt. Transactions for #1 zinc ingot were around 21,610-21,770 yuan/mt, while Huludao reported prices at 25,360 yuan/mt. Regular #0 zinc was quoted at a premium of 220-230 yuan/mt against the 2507 contract, and Zijin was quoted at a premium of 320-330 yuan/mt against the 2507 contract. The Tianjin market was quoted on par with the Shanghai market.

[SMM Zinc Morning Comment] Last Friday, LME zinc opened at $2,642.5/mt. In the early session, LME zinc fluctuated along the daily average line, hitting a high of $2,649.5/mt during the period. Entering the European trading session, LME zinc declined to a low of $2,588/mt. During the night session, LME zinc continued to rise above the daily average line, with the price center fluctuating rangebound around $2,625/mt at the end of the session. It finally closed down at $2,626.5/mt, down $17.5/mt or 0.66%. Trading volume increased to 144,000 lots, while open interest decreased by 236 lots to 206,000 lots...