Latest Update in the SMM Carbon Anode Market

[SMM spot copper] Due to the fact that a large number of delivery warrants have not yet been released, the supply of copper in the market is tight. Suppliers holding mainstream standard-quality copper are less willing to sell at low prices. It is expected that warrants will be released tomorrow, which will deal a blow to the market premiums, causing premiums to decline.

[Guangdong Zinc: Insufficient Downstream Procurement Enthusiasm, Spot Premiums Decline] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,640-22,795 yuan/mt. Mainstream brands were quoted at a premium of 280 yuan/mt against the 2507 contract, and at a discount of 140 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened....

[Shanghai Zinc: Futures Market Weakens Slightly, Downstream Restocks at Lower Prices]: Today, the mainstream transaction prices of 0# zinc were concentrated in the range of 22,650-22,785 yuan/mt, with Shuangyan zinc trading at 22,940-23,075 yuan/mt, and 1# zinc trading mainly at 22,580-22,715 yuan/mt. In the morning session, the market offered a premium of 40-60 yuan/mt against the average price, with no quotes against the futures market...

[Ningbo Zinc: Increased Quotes from Traders, Spot Premiums Remain Stable] The transaction prices for mainstream brand 0# zinc in the Ningbo market were around 22,660-22,775 yuan/mt. The quotes for mainstream brands in Ningbo against the 2506 contract were at a premium of 270 yuan/mt, and against Shanghai spot cargo were at a premium of 40 yuan/mt. Mainstream quotes in the Ningbo region were made against the 2506 contract...

[Tianjin Zinc: Weakening Demand, Premiums Continue to Decline] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,580-22,790 yuan/mt, with Zijin transactions at 22,660-22,800 yuan/mt. Transactions for #1 zinc ingot were around 22,260-22,390 yuan/mt, while Huludao reported prices at 26,010 yuan/mt. The premium for ordinary #0 zinc against the 2506 contract was reported at around 200-290 yuan/mt, with Zijin reporting a premium of 280-300 yuan/mt against the 2506 contract. Tianjin prices were quoted at a discount of around 20 yuan/mt compared to Shanghai prices.