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  Most metal prices fall, with silicon metal down 3.59%. Coking coal and coke, lithium carbonate, and rebar lead the declines [SMM Midday Review]

• Tianjin Zinc: Futures market rebounds, overall trading volume remains poor [SMM Midday Review]

  [Tianjin Zinc: Futures Market Rebounds, Overall Trading Volume Remains Low] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,790-22,930 yuan/mt, with Zijin transactions at 22,840-22,980 yuan/mt. Transactions for #1 zinc ingot were concluded around 22,470-22,590 yuan/mt, while Huludao reported prices at 26,190 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported around 200-230 yuan/mt, with Zijin reporting a premium of 250-280 yuan/mt against the 2506 contract. The Tianjin market reported a premium of approximately 10 yuan/mt against the Shanghai market.

• Guangdong Zinc: Strong sentiment of refusing to budge on prices in the morning market, with spot premiums continuing to rise [SMM Midday Review]

  [Guangdong Zinc: Strong sentiment to refuse to budge on prices in the morning market, with spot premiums/discounts continuing to rise] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,790-22,965 yuan/mt. Mainstream brands were quoted at a premium of 445 yuan/mt against the 2507 contract, and at a premium of 30 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed...

• Guangxi China Tin Mines Co., Ltd. Listed the First Batch of Antimony Ingots for Sale in 2025 Today [Reported by SMM]

• [SMM Nickel Midday Review] Nickel prices continued to decline on May 28; the State Council called for comprehensive efforts to address "cut-throat competition"