[Tianjin Zinc: Futures Continue to Rise, Premiums Decline] In the Tianjin market, the mainstream transaction price of #0 zinc ingot was between 22,440 and 22,640 yuan/mt, with Zijin trading at 22,460-22,670 yuan/mt. #1 zinc ingot traded near 22,360-22,530 yuan/mt, while Huludao reported a price of 25,930 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0-40 yuan/mt against the 2507 contract, with Zijin quoted at a discount of 20 yuan/mt to a premium of 30 yuan/mt against the 2507 contract. Tianjin was quoted at a discount of 90 yuan/mt compared to Shanghai.

[Ningbo Zinc: Arrival of Anning Zinc Ingots Further Deteriorates Market Premiums] The mainstream #0 zinc ingot transactions in the Ningbo market were priced at approximately 22,560-22,710 yuan/mt. Conventional brands in Ningbo quoted a premium of 80 yuan/mt against the 2507 contract and 30 yuan/mt against Shanghai spot cargo. Mainstream offers in the Ningbo region were primarily made against the 2507 contract.

[Shanghai Zinc: Futures Market Continues to Strengthen, Premiums Drop Significantly]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,520 to 22,695 yuan/mt, with Shuangyan zinc trading at 22,650 to 22,865 yuan/mt, and 1# zinc trading at 22,450 to 22,625 yuan/mt. In the morning session, the market offered premiums of 0 to 30 yuan/mt against the average price, with no offers against futures prices.....

[SMM Morning Comment on Zinc] Overnight, the most-traded SHFE zinc 2508 contract opened at 22,345 yuan/mt. In the early session, SHFE zinc dipped slightly to a low of 22,270 yuan/mt. Subsequently, bulls increased their positions, causing SHFE zinc to fluctuate upward. It touched a high of 22,475 yuan/mt at the end of the session, closing up at 22,450 yuan/mt, up 210 yuan/mt or 0.94%. Trading volume decreased to 96,319 lots, while open interest increased by 3,796 lots to 139,000 lots.

[SMM Morning Meeting Summary: Abnormalities in Overseas Supply Side, LME Zinc Continues to Fluctuate Upward] Overnight, LME zinc opened at $2,710/mt. In the early session, LME zinc briefly dipped to a low of $2,708.5/mt. Subsequently, bears reduced their positions, and LME zinc fluctuated upward throughout the session, reaching a high of $2,775/mt at the close. It ultimately closed up at $2,770/mt, gaining $60/mt, or 2.21%. Trading volume increased to 15,465 lots, while open interest decreased by 1,261 lots to 211,000 lots.

[Sluggish downstream demand in North China, social inventory increased slightly] According to SMM's communication and understanding, as of Thursday (June 26), the total zinc ingot inventory across seven locations monitored by SMM was 79,500 mt, a decrease of 100 mt compared to June 19, and an increase of 1,700 mt compared to June 23. Domestic inventory recorded an increase...

[Macro sentiment continues to recover, SHFE zinc records four-day winning streak] The most-traded SHFE zinc 2508 contract opened at 22,095 yuan/mt. Subsequently, with bulls increasing their positions, SHFE zinc fluctuated upward, surpassing the daily average line and touching a high of 22,400 yuan/mt. Near the end of the trading session, bears increased their positions, causing SHFE zinc to drop back slightly. It finally closed up at 22,240 yuan/mt, rising by 195 yuan/mt or 0.88%. Trading volume increased to 168,000 lots, and open interest rose by 5,773 lots to 136,000 lots...

[Guangdong Zinc: Futures Market Continues to Rise, Market Transactions Sluggish] The mainstream transactions of 0# zinc in Guangdong were at 22,195-22,335 yuan/mt. Mainstream brands were quoted at a premium of 125-165 yuan/mt against the 2508 contract, and at a spot discount of 40 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed...

[Tianjin Zinc: Futures Market High, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,180-22,310 yuan/mt, with Zijin transactions at 22,200-22,340 yuan/mt. #1 zinc ingot transactions were concluded around 22,060-22,170 yuan/mt, while Huludao reported prices at 25,620 yuan/mt. The ordinary #0 zinc reported premiums of 0-40 yuan/mt against the 2507 contract, with Zijin reporting premiums of 20-60 yuan/mt against the 2507 contract. Tianjin reported discounts of around 70 yuan/mt compared to Shanghai.

[Ningbo Zinc: Traders adopt a laid-back approach to shipping, with poor transaction performance] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,280-22,370 yuan/mt. The premium for mainstream brands in Ningbo against the 2507 contract is 85 yuan/mt, and the premium against Shanghai spot cargo is 10 yuan/mt. Mainstream traders in the Ningbo region are quoting against the 2507 contract...