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  Secondary lead: Overall, there are not many quotes for secondary refined lead. Downstream enterprises prefer to purchase tax-included goods. [SMM Lead Midday Review]

• Guangdong Zinc: Weak Downstream Consumption Drives Spot Premiums Lower [SMM Midday Review]

  [Guangdong Zinc: Weak Downstream Consumption Drives Spot Premiums Lower] Mainstream 0# zinc in Guangdong was traded at 21,910-22,065 yuan/mt. Mainstream brands were quoted at a spot premium of 220 yuan/mt against the 2508 contract, and at a spot discount of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened...

• Tianjin Zinc: Weak Demand, Premium Continues to Decline [SMM Midday Review]

  [Tianjin Zinc: Weak Demand, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingots were concluded at 21,920-22,130 yuan/mt, with Zijin transactions at 22,010-22,140 yuan/mt. #1 zinc ingots were traded around 21,740-21,870 yuan/mt, while Huludao reported prices at 25,390 yuan/mt. Regular #0 zinc ingots were quoted at a premium of 60-150 yuan/mt against the 2507 contract, with Zijin quoted at a premium of 150-160 yuan/mt against the 2507 contract. Tianjin prices were quoted at a discount of around 10 yuan/mt compared to Shanghai prices.

• US dollar weakens, base metals generally decline, with silver, polysilicon, and Brent crude oil all falling over 2%, while ferrous metals series mostly rise [SMM midday review]

• Ningbo Zinc: Traders Actively Selling, Premium Continues to Decline [SMM Midday Review]

  [Ningbo Zinc: Traders Actively Selling, Premiums Continue to Decline] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,015-22,130 yuan/mt. The premium for mainstream brands in Ningbo against the 2507 contract was 145 yuan/mt, and the premium against Shanghai spot cargo was 30 yuan/mt. Mainstream quotes in the Ningbo region were against the 2507 contract...