[Futures zinc prices stay high, spot premiums struggle to rise]: This week, Ningbo spot premiums remained stable, with the WoW average price basically flat. As of this Friday, Ningbo spot against the 2607 contract was quoted at a discount of 40 yuan/mt, and the premium against Shanghai was 30 yuan/mt. During the week, the premium against Shanghai maintained a fluctuating trend..

[SHFE Zinc Prices Fluctuated at Highs, Spot Trades Were Moderate]: Shanghai spot premiums fluctuated this week, with the weekly average price up 5 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a discount of 80-50 yuan/mt against the 2607 contract, while the premium brand Shuangyan was quoted at a premium of 130 yuan/mt against the 2607 contract.

[Futures Zinc Prices Rose Significantly, Overall Spot Transactions Were Poor During the Week]: Spot premiums in Ningbo fluctuated this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2606 contract were quoted at a premium of 40 yuan/mt, with a premium of 60 yuan/mt against the Shanghai premium..

[SHFE Zinc Prices Fluctuated at Highs This Week, Spot Trades Sluggish]: Shanghai spot premiums held steady this week, with the weekly average price basically flat WoW. As of this Friday, ordinary domestic brands were quoted at a discount of 30-20 yuan/mt against the 2605 contract, while the high-priced brand Shuangyan had no quotation against the 2605 contract for now.

[China Zinc Ingot Inventory Recorded an Increase, SHFE Zinc in the Doldrums]: The most-traded SHFE zinc 2605 contract opened at 23,560 yuan/mt. After the opening, SHFE zinc was in the doldrums, hitting an intraday low of 23,430 yuan/mt and touching a high of 23,605 yuan/mt near the close. It finally settled lower at 23,575 yuan/mt, down 10 yuan/mt, a decline of 0.04%.

[Downstream Procurement Largely on As-Needed Basis, Spot Transactions Tepid During the Week]: Spot premiums in Shanghai ran at low levels this week, with the weekly average price up 10 yuan/mt WoW. As of this Friday, ordinary domestic brands were at a discount of 50-40 yuan/mt against the 2605 contract, while the premium brand Shuangyan was quoted at a premium of 40-60 yuan/mt against the 2605 contract.

[SMM Zinc Morning Meeting Summary: Macro Factors Continued to Weigh on Base Metals Trends, LME Zinc Came Under Pressure]: Last Friday, LME zinc opened at $3,089.5/mt. After the opening, LME zinc fluctuated at highs, reaching an intraday high of $3,114.5/mt, and then fluctuated downward all the way, touching a low of $3,039/mt near the close...

[SMM Zinc Morning Comment: Zinc Ingot Inventory Remained Elevated, and SHFE Zinc Stayed in the Doldrums] Last Friday, the most-traded SHFE zinc 2605 contract opened at 23,000 yuan/mt. In early trading, SHFE zinc touched a high of 23,015 yuan/mt, then fluctuated downward to trade below the daily average line, and after hitting an intraday low of 22,715 yuan/mt..

[Futures Zinc Prices Fell Sharply, While Spot Premiums Strengthened During the Week]: Shanghai spot premiums strengthened this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at discounts of 30 yuan/mt to 20 yuan/mt against the 2604 contract, while the high-priced brand Shuangyan was quoted at a premium of 50 yuan/mt against the 2604 contract.

[Weak Spot Transactions During the Week, Attention on Consumption Next Week]: Spot premiums in Shanghai weakened this week, with the weekly average price down 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at discounts of 100-90 yuan/mt against the 2604 contract, while the high-priced brand Shuangyan was quoted at a discount of 30 yuan/mt against the 2604 contract..