[Ningbo Zinc: Downstream Enterprises Remain on the Sidelines, Spot Transactions Sluggish] In the Ningbo market, mainstream brand 0# zinc traded at 25,565–25,700 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 50 yuan/mt against Shanghai spot cargo. Ningbo region primarily quoted against the 2609 contract...

[Ningbo Zinc: Downstream Enterprises Cautious on High Prices, Spot Transactions Weak] Ningbo market mainstream brand #0 zinc transaction price was around 25,610-25,705 yuan/mt, while Ningbo conventional brands quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against Shanghai spot zinc, with Ningbo mainstream brands mainly quoting against the 2609 contract..

[Guangdong: Contract rollover quotes were reported in Guangdong today, with spot trading remaining ordinary] Guangdong #0 zinc traded mainly at 24,440-24,570 yuan/mt, mainstream brands were quoted at discounts of 145-125 yuan/mt against the 2609 contract and at a spot discount of 70 yuan/mt against Shanghai spot cargo, while the Shanghai-Guangdong price spread widened...

[SMM Zinc Morning Comment] Last Friday, SHFE zinc stopped rising and started to fall, with KDJ diverging downward. Ore TCs continued to decline, leading to increased profit pressure on smelters. Zinc prices fluctuated at highs, and subsequent attention should be paid to smelter production conditions.

[SMM Morning Meeting Minutes: Tug-of-War Between Longs and Shorts, Zinc Prices Maintain Range-Bound Trading] Last Friday, LME zinc recorded a small bullish candlestick, with various moving averages below forming support. On the macro front, there are expectations of easing geopolitical conflicts, but inflationary pressure remains significant. The tug-of-war between longs and shorts keeps LME zinc in range-bound trading.

On April 24, 2026, the State Taxation Administration officially released the "Positive and Negative List for Taxpayers' Compliant Invoice Issuance," providing clear and itemized guidance that both better safeguards taxpayers' legitimate rights and promotes the rectification of circular invoicing, mutual invoicing, and invoicing with artificially inflated transaction links