I. Coal-to-Hydrogen Shandong anthracite transaction range [1,730-1,830], hydrogen cost average price at [1.78 yuan/m³] Shanxi anthracite transaction range [1,040-1,040], hydrogen cost average price at [1.17 yuan/m³] Hebei anthracite transaction range [1,520-1,520], hydrogen cost average price at [1.61 yuan/m³] Henan anthracite transaction range [1,030-1,130], hydrogen cost average price at [1.25 yuan/m³] II. Natural Gas-to-Hydrogen Pearl River Delta natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.04 yuan/m³] Zhejiang natural gas transaction range [6,520-6,800], hydrogen cost average price at [3.04 yuan/m³] Guangxi natural gas transaction range [6,630-7,020], hydrogen cost average price at [3.08 yuan/m³] Eastern Guangdong natural gas transaction range [6,600-6,620], hydrogen cost average price at [3.01 yuan/m³] Henan natural gas transaction range [6,200-6,420], hydrogen cost average price at [2.93 yuan/m³] Hebei natural gas transaction range [6,170-6,510], hydrogen cost average price at [2.92 yuan/m³] Hubei natural gas transaction range [6,520-6,770], hydrogen cost average price at [3.05 yuan/m³] Guizhou natural gas transaction range [6,380-6,740], hydrogen cost average price at [3 yuan/m³] Sichuan natural gas transaction range [6,415-6,660], hydrogen cost average price at [3.02 yuan/m³] Shanxi natural gas transaction range [6,010-6,300], hydrogen cost average price at [2.82 yuan/m³] Shandong natural gas transaction range [6,295-6,500], hydrogen cost average price at [2.96 yuan/m³] Heilongjiang natural gas transaction range [6,170-6,440], hydrogen cost average price at [2.89 yuan/m³] Inner Mongolia natural gas transaction range [6,200-6,380], hydrogen cost average price at [2.84 yuan/m³] III. Propane-to-Hydrogen South China propylene oxide transaction range [6,970-7,050], hydrogen cost average price at [3.95 yuan/m³] East China propylene oxide transaction range [6,620-6,960], hydrogen cost average price at [3.84 yuan/m³] Northeast China propylene oxide transaction range [6,140-6,450], hydrogen cost average price at [3.59 yuan/m³] Shandong propylene oxide transaction range [6,760-6,860], hydrogen cost average price at [3.87 yuan/m³] IV. Methanol-to-Hydrogen East China methanol transaction range [3,010-3,330], hydrogen cost average price at [2.69 yuan/m³] Central China methanol transaction range [2,950-3,250], hydrogen cost average price at [2.68 yuan/m³] North China methanol transaction range [2,780-2,940], hydrogen cost average price at [2.46 yuan/m³] South China methanol transaction range [3,350-3,450], hydrogen cost average price at [2.83 yuan/m³] Northwest China methanol transaction range [2,450-2,950], hydrogen cost average price at [2.34 yuan/m³] Southwest China methanol transaction range [2,940-3,220], hydrogen cost average price at [2.67 yuan/m³] Northeast China methanol transaction range [3,110-3,130], hydrogen cost average price at [2.65 yuan/m³]

[Molybdenum News] SMM June 9 news: On June 8, a steel mill in east China set a ferro-molybdenum tender price of 313,500 yuan/mt by acceptance for 66 mt. Today, SMM will continue to monitor the bid opening prices of steel mills in Jiangsu, Shandong and other places.

[China Iron Ore Brief] The ex-factory price of 64% grade alkaline concentrates in Shandong, on a dry basis and before tax, was reported at 847, down 21. Most mines and beneficiation plants are producing as planned, with no significant reduction in overall supply. Some iron ore concentrates from local mines and beneficiation plants are flowing to Wu’an in Hebei Province. However, the cost-effectiveness of domestic iron ore concentrates has weakened recently, and steel mills’ purchasing enthusiasm is moderate, leading to a slight accumulation of inventory at miners and weakening overall market transactions compared to earlier periods. Recently, iron ore futures have been trending weaker, and domestic iron ore concentrates

North China is a core hinterland for China’s cable industry. Leveraging its industrial heritage, entire industry chain support, and the policy advantages of Beijing-Tianjin-Hebei integration, the region has built a complete industrial cluster covering raw material processing, cable production, new material R&D, and intelligent machinery equipment manufacturing. The annual output value of the regional cable industry has surpassed 100 billion yuan, underpinned by a solid industrial foundation and broad market potential. However, compared with the advanced industrial agglomerations in the Yangtze River Delta and Pearl River Delta, the North China cable sector still faces challenges such as fragmented industrial resources, weak industry-academia-research collaboration, and insufficient supply chain resilience. Breaking down collaboration barriers is critical to achieving high-quality development in the industry. will be held on July 23-24, 2026 at Crowne Plaza Qingdao Jinshui in Qingdao, Shandong. The conference will focus on three major themes: industrial synergy, green and intelligent transformation, and globalisation. SMM is joining hands with the initiating company—Shandong Wanhai Cable Co., Ltd.— to invite businesses across the entire industry chain to gather, explore deep opportunities, and drive the upgrading and quality improvement of the North China cable industry. Click to to attend. We look forward to meeting you at the conference. Shandong Wanhai Cable Co., Ltd. is located in the West Coast New Area of Qingdao, Shandong Province. As a wholly-owned subsidiary of Zhejiang Wanma Co., Ltd. (a state-owned enterprise holding), Wanhai Cable upholds the parent company’s exceptional quality and robust strength. Wanma Co., Ltd. is a key state-supported high-tech enterprise, with operations spanning three core sectors: cables, new materials, and new energy. In 2020, Qingdao Haikong Group invested in Wanma Co., Ltd., further defining its “one body, two wings” strategic layout and adopting “north-south linkage” as its growth engine. The company continues to strengthen its innovation R&D capabilities and is comprehensively advancing a digital, information-based, and intelligent enterprise transformation. As a vital part of this ambitious blueprint, Wanhai Cable is dedicated to providing a full range of cable products, technical support, and customised solutions for national infrastructure, energy transmission, and industrial development. The company has introduced world-class key process equipment from in and outside China while promoting the localisation of major auxiliary equipment, thereby comprehensively enhancing its capabilities and market competitiveness. It focuses on high-performance products such as environmentally friendly and new energy power cables and cables for high-end agricultural machinery equipment. These products, with their excellent insulation properties, recyclability, and environmental protection features, demonstrate significant advantages in cost reduction, efficiency improvement, and green environmental protection. SMM Conference Contact: Zhang Guolei 166 0190 0190 zhangguolei@smm.cn

2026 marks the opening year of the 15th Five-Year Plan. Against the backdrop of intensifying global macro fluctuations and the deepening of domestic high-quality development, the zinc industry is undergoing profound changes: tightness on the ore side and the release of smelting capacity create structural tensions; divergent domestic and overseas inventories mirror the complex supply-demand rebalancing; and technological innovation is becoming a key driving force for resolving conflicts and reshaping the landscape. New energy, new-type infrastructure and other key areas of the 15th Five-Year Plan are injecting new momentum into traditional zinc consumption, while green, low-carbon and circular economy paradigms are also accelerating the restructuring of industrial logic, driven by technological innovation. With the joint support of upstream and downstream zinc enterprises, industry associations and all relevant parties, SMM 2026 SMM Zinc Industry Conference concurrently held with the 8th Hot-Dip Galvanizing Industry Development and Technology Innovation Forum, the 14th Zinc Salt, Zinc Oxide and Secondary Zinc Resources Development Forum, and the Zinc-Based Materials Development Forum will be held in Qingdao, Shandong from August 6 to 8. Under the theme “Gathering Zinc Momentum, Building the Zinc Industry, Embarking on a New Journey,” the conference will be driven by macro perspectives and fundamental analysis as its dual engines, closely adhere to the main line of high-quality development of the 15th Five-Year Plan, and focus on four dimensions: macro policies, supply-demand patterns, global trade, and technological innovation. It aims to drive cost reduction and efficiency improvement through technological breakthroughs, respond to market fluctuations with collaborative innovation, and jointly draw a new blueprint for the high-quality and sustainable development of the zinc industry. Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. will grandly attend this event, discussing industry development trends with industry peers and jointly pushing the zinc industry to new heights. Click the to register for the conference immediately, witness and participate in this extraordinary and far-reaching industry event, and create a brilliant new chapter together! Founded in 2012 with a registered capital of 39.8 million yuan, Baoding Aoqisheng New-type Metal Materials Manufacturing Co., Ltd. is located in Baoding, Hebei, a historic city in China. Situated in the heart of the Beijing-Tianjin-Hebei triangle, the company is rooted in the galvanizing sector of North China and serves the national galvanizing market. The company has a comprehensive management system and a quality and technical service system with full employee participation, and has obtained the ISO 9001 Quality Management System certification, ISO 45001 Occupational Health and Safety Management System certification, and ISO 14001 Environmental Management System certification. Its “Baoding” and “Aoqisheng” trademarks have been registered with the National Trademark Office. The company holds 7 invention patents and 37 utility model patents. Through deep cultivation of industrial development, it has won multiple heavyweight provincial qualifications and honors, being successively recognized as a Hebei Province Technology-based SME, Hebei Province Innovative SME, Hebei Province Specialized, Distinctive and Novel SME, Hebei Province Specialized, Refined, Distinctive and Novel Demonstration Enterprise, and Provincial Manufacturing Single Champion Enterprise. It has established the Hebei Provincial Enterprise Technology Center and Hebei Provincial Zinc-based Alloy Innovation Center, and has been rated as a Hebei Provincial Green Factory. In 2021, Baoding Aoqisheng New-type Metal Material Manufacturing Co., Ltd. cooperated with the National Engineering Laboratory for Advanced Metal Material Coating of China Iron & Steel Research Institute to build the Baoding Alloy New Material Production and Research Base Project. The company enjoys a high reputation in China's hot-dip galvanizing alloy manufacturing industry. Its main products include: zinc-aluminum alloy, zinc-nickel alloy, multi-element rare earth alloy, zinc-bismuth alloy, zinc-antimony alloy, zinc-aluminum-magnesium alloy, and other zinc-based new-type functional alloys. ◆ Contact ◆ Tel: 0312-8063789 QQ: 767 496 767 Website: www.bdags.com Address: No. 1699 Zhongxin West Road, Qingyuan District, Baoding City Long press to scan and register now 2026 SMM Zinc Conference

[A Large Alumina Refinery in Shandong Adjusts Liquid Caustic Soda Purchase Price] According to SMM, starting from June 5, a large alumina refinery in Shandong adjusted the purchase price of 32% ion membrane liquid alkali, increasing it by 15 yuan/liquid mt from the previous 545 yuan/liquid mt. The EX-Work price is set at 560 yuan/liquid mt，equivalent to approximately 1,750 yuan/mt(price adjusted on a 100% concentration basis).