【SMM Flash】China's Zinc Ingot Inventory Up 2,900 MT WoW, Down Slightly from Monday

[Guangdong: Guangdong’s contract rollover quotes today, spot transactions remained ordinary] Guangdong 0# zinc was mainly traded at 24,440-24,570 yuan/mt, mainstream brands were quoted at a discount of 145-125 yuan/mt against the 2608 contract and at a discount of 70 yuan/mt against Shanghai spot zinc, with the Shanghai-Guangdong price spread widening...

[Xingye Silver & Tin H1 2026 Earnings Guidance] According to Xingye Silver & Tin's earnings guidance, the company expects net profit attributable to shareholders of RMB 2.14-2.37 billion for the first half of 2026, up 168.95%-197.86% year on year. The company stated that, during the reporting period, selling prices of its primary products, including silver and tin concentrates, increased from a year earlier, supported by changes in the macroeconomic environment and market demand, significantly boosting profitability.

[Baiyin Nonferrous H1 2026 Earnings Guidance] According to Baiyin Nonferrous' earnings guidance, the company expects net profit attributable to shareholders of the parent company of RMB 64-95 million for the first half of 2026, compared with a net loss in the same period last year, returning to profitability. During the first half of 2026, year-on-year increases in market prices for nonferrous and precious metal products, together with ongoing efforts to strengthen internal management, improve operational efficiency, and reduce costs, lifted the company's gross profit margin. In addition, gains from fair value changes in embedded derivative financial instruments arising from pricing transactions increased year on year due to market price fluctuations, providing further support to earnings