[Guangdong Zinc: Guangdong Inventory Increases Slightly, Spot Premiums Continue to Decline]  The mainstream transaction price of 0# zinc in Guangdong ranged from 22,185 to 22,435 yuan/mt. Mainstream brands were quoted at a premium of 45 to 70 yuan/mt against the 2508 contract, and at a discount of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened......

[Tianjin Zinc: Futures Market Declines, Limited Improvement in Trading Volume] In the Tianjin market, mainstream transactions for #0 zinc ingot were conducted at 22,190-22,440 yuan/mt, with Zijin transactions at 22,230-22,450 yuan/mt. Transactions for #1 zinc ingot were around 22,100-22,310 yuan/mt, while Huludao reported prices at 25,640 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 30 yuan/mt to a premium of 20 yuan/mt against the 2507 contract, with Zijin quoted at a premium of 10-30 yuan/mt against the 2507 contract. The Tianjin market was quoted at a discount of around 70 yuan/mt compared to the Shanghai market.

[Shanghai Zinc: Futures Market Declines Significantly, Transaction Volume Improves]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,300 to 22,520 yuan/mt, with Shuangyan zinc trading at 22,400 to 22,620 yuan/mt, and 1# zinc trading mainly at 22,230 to 22,450 yuan/mt. In the morning session, the market offered a premium of 10 to 30 yuan/mt against the SMM average price, with no offers against the futures market...

[Ningbo Zinc: Arrival of Qilin Zinc Ingots, Premium Remains Stable] The transaction price of mainstream brand 0# zinc in the Ningbo market is around 22,280-22,470 yuan/mt. The premium for mainstream brands in Ningbo against the 2507 contract is 55 yuan/mt, and the premium against Shanghai spot cargo is 20 yuan/mt. Mainstream brands in the Ningbo region are quoting against the 2507 contract...

[SMM Morning Comment on Zinc: Fundamentals Show Increased Supply and Weakened Demand, SHFE Zinc Center Pulls Back] LME zinc opened at $2,780.5/mt. After opening, LME zinc fluctuated rangebound around the daily average line, then fluctuated upward to reach a high of $2,785/mt. Subsequently, it fell back from highs and continued to decline, reaching a low of $2,740.5/mt at the end of the session. It finally closed down at $2,741/mt, down by $37.5/mt or 1.35%. Trading volume decreased to 12,088 lots, while open interest fell by 2,439 lots to 208,000 lots...

[SMM Zinc Morning Meeting Summary: LME Zinc Pulls Back from Highs, Market Continues to Monitor Trade Negotiation Progress]: Overnight, LME zinc opened at $2,780.5/mt. After opening, LME zinc fluctuated rangebound around the daily average line, then fluctuated upward to reach a high of $2,785/mt. Subsequently, it pulled back from highs and continued to decline, reaching a low of $2,740.5/mt at the end of the session. It finally closed down at $2,741/mt, down $37.5/mt or 1.35%. Trading volume decreased to 12,088 lots, while open interest fell by 2,439 lots to 208,000 lots...

As of June 30, the most-traded SHFE zinc contract closed at 22,495 yuan/mt, up 270 yuan/mt month-on-month, but down 1.21%. In June, zinc prices initially declined before rebounding, hitting a low of 21,660 yuan/mt mid-month and then surging to a high of 22,570 yuan/mt by the end of the month. What will be the trend of zinc prices in July?

[Zinc Prices Declined First and Then Rebounded in June. How Will They Perform in July?] As of June 30, the most-traded SHFE zinc contract closed at 22,495 yuan/mt, up 270 yuan/mt month-on-month, with a decline of 1.21%. In June, zinc prices declined first and then rebounded, hitting a low of 21,660 yuan/mt in mid-month and then rising continuously to reach a high of 22,570 yuan/mt at the end of the month. Entering July, how will zinc prices perform?

[Zinc Ingot Inventory Buildup Not Significant, SHFE Zinc Still Maintains High Level]: The most-traded SHFE zinc 2508 contract opened at 22,455 yuan/mt. After opening, SHFE zinc fluctuated around the daily average line. Near the midday session, SHFE zinc slipped slightly to a low of 22,370 yuan/mt. Then, it rose throughout the midday session, reaching a high of 22,530 yuan/mt before resuming a fluctuating trend. It finally closed up at 22,495 yuan/mt, up 35 yuan/mt or 0.16%, with trading volume increasing to 96,686 lots...

SMM Analysis：As 2025 reaches its halfway point, reviewing the first half of the year, the domestic zinc concentrate market maintained a loose supply situation. As of June 27, domestic zinc concentrate TCs rose from 1,950 yuan/mt (metal content) at the beginning of the year to 3,800 yuan/mt (metal content), while imported zinc concentrate TCs increased from -$20/dmt at the beginning of the year to $65.25/dmt, with both domestic and imported zinc concentrate TCs climbing steadily.....