[Shanghai zinc ingot inventory slightly destocked, spot zinc discounts narrowed]: This week, spot discounts in Shanghai narrowed, with the weekly average price up 20 yuan/mt WoW. As of Friday this week, ordinary domestic brands were quoted at discounts of 10-0 yuan/mt against the 2607 contract, while the high-priced brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2607 contract.

[Downstream enterprises locked in prices on dips mid-week; spot premiums rose WoW]: This week, spot premiums in Ningbo rose, up 25 yuan/mt WoW from the previous week's average. As of this Friday, spot prices in Ningbo against the 2607 contract were quoted at parity, with a premium of 40 yuan/mt against Shanghai, and during the week, the premium against Shanghai maintained a fluctuating trend..

[SMM Morning Meeting Minutes: Easing US-Iran Tensions, LME Zinc Center Moves Higher]: Overnight, LME zinc opened at $3,464/mt. It initially moved sideways along the daily average, dipping to $3,442/mt during the session. Entering the night session, bulls added positions, and LME zinc rallied all the way to reach a high of $3,534/mt near the end. It finally settled up at $3,525.5/mt, up $57/mt, or 1.64%. Trading volume fell to 14,639 lots, and open interest increased by 4,214 lots to 238,000 lots.

[SMM Morning Meeting Minutes: Fragile US-Iran Situation Drives LME Zinc Center Higher] Overnight, LME zinc opened at $3,535/mt, briefly dipped to a low of $3,520.5/mt in early trading, then rose all the way during the night session to touch a high of $3,600/mt, before funds took profits and the center moved lower, eventually closing up at $3,546/mt, up $11.5/mt, or 0.33%. Trading volume increased to 15,243 lots, and open interest decreased by 562 lots to 234,000 lots.

[Downstream Enterprise Demand Weak, Spot Transactions Poor This Week]: This week, Shanghai spot premiums maintained a fluctuating trend, with the weekly average price basically flat WoW. As of this Friday, ordinary domestic brands were quoted at a discount of 90-40 yuan/mt against the 2607 contract, while the high-priced brand Shuangyan was quoted at a premium of 60-70 yuan/mt against the 2607 contract..

[SMM Morning Meeting Minutes: LME Zinc Posted a Small Bearish Candlestick as Prices Saw Wild Swings]: Overnight, LME zinc opened at $3,598/mt. Early in the session, it quickly touched a high of $3,607.5/mt, before pulling back. By midday, LME zinc surged above the daily average line but pulled back again and dipped to $3,568/mt. After European trading began, LME zinc swung higher, recouping most of its losses, and finally closed down at $3,595/mt, down $8.5/mt, a decline of 0.24%. Trading volume fell to 85,820 lots, and open interest increased by 434 lots to 231,000 lots.