[Narrowing Premium Against SHFE for Zinc Ingot Arrivals]: This week, spot premiums for zinc ingot in Ningbo first fell and then rose, decreasing by 50 yuan/mt compared to the weekly average price WoW. As of Friday this week, spot prices for zinc ingot in Ningbo were at a premium of 100 yuan/mt against the 2508 contract, and at a premium of 10 yuan/mt against SHFE, with the premium against SHFE narrowing during the week...

[Futures Market First Declines Then Rises, Spot Premiums Continue to Narrow]: This week, spot premiums in Shanghai continued to narrow, with a WoW decrease of 40 yuan/mt in the weekly average price. As of Friday this week, the spot premiums for ordinary domestic brands against the 2508 contract ranged from 130 to 140 yuan/mt, while the premium for the high-end brand Shuangyan against the 2507 contract was 180 yuan/mt...

[Tianjin Zinc: Futures Market Mainly Fluctuates, Downstream Purchase Willingness Weak] The mainstream transaction price of #0 zinc ingot in the Tianjin market was 22,300-22,420 yuan/mt, with Zijin trading at 22,340-22,450 yuan/mt. #1 zinc ingot traded around 22,210-22,310 yuan/mt, while Huludao reported at 25,770 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0-20 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.

[Guangdong Zinc: Spot Transactions Remain Weak, Premium Continues to Decline Today] The mainstream transactions of 0# zinc in Guangdong ranged from 22,295 to 22,420 yuan/mt. The mainstream brands were quoted at a premium of 10 to 30 yuan/mt against the 2508 contract, and at a spot discount of 60 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained...

[Shanghai Zinc: Reluctance to Budge on Prices Persists, Trading Activity Sluggish]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,415-22,530 yuan/mt, with Shuangyan zinc trading at 22,485-22,590 yuan/mt, and 1# zinc trading mainly at 22,345-22,460 yuan/mt. In the morning session, the market offered a premium of 40-60 yuan/mt against the SMM average price, with fewer offers against the futures price...

[Ningbo Zinc: Downstream Demand Purchases, Premium Basically Stable] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,385-22,480 yuan/mt. The premium for mainstream brands in Ningbo against the 2508 contract was 100 yuan/mt, and the premium against Shanghai spot cargo was 10 yuan/mt. Mainstream quotes in the Ningbo region were made against the 2508 contract...

[SMM Morning Comment on Zinc: Social Inventory of Zinc Ingots Continues to Increase, SHFE Zinc Maintains Fluctuating Trend] Overnight, the most-traded SHFE zinc 2508 contract opened at 22,295 yuan/mt. Early in the session, SHFE zinc dipped to 22,260 yuan/mt, then quickly rose, hitting a high of 22,365 yuan/mt. After that, SHFE zinc began to fluctuate above the daily average line, eventually closing up at 22,330 yuan/mt, up 5 yuan/mt or 0.02%. Trading volume decreased to 47,375 lots, while open interest fell by 294 lots to 128,000 lots...

[SMM Zinc Morning Meeting Summary: Strong US Non-farm Payrolls Data, Insufficient Upward Momentum for LME Zinc]: Overnight, LME zinc opened at $2,753/mt. After opening, LME zinc oscillated along the daily average line, reaching a high of $2,759.5/mt during the session. Near the end of the session, LME zinc fell below the daily average line, touching a low of $2,734/mt at the close. It ultimately closed down at $2,738/mt, falling by $15/mt, or 0.54%, with trading volume decreasing to 6,367 lots...

[Zinc Ingot Inventory Buildup Continues, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2508 contract opened at 22,380 yuan/mt. In the early session, it fluctuated rangebound above the daily average line, reaching a high of 22,390 yuan/mt during the period. Then, it declined all the way down, touching a low of 22,245 yuan/mt near the midday break. As SHFE zinc rebounded again to near the daily average line, it finally closed lower at 22,325 yuan/mt, down 50 yuan/mt or 0.22%...