Shanghai Zinc: Transactions Show No Improvement, Premiums Continue to Decline [SMM Midday Review]

Feb 13, 2025, at 4:43 pm

[Shanghai Zinc: Transactions Show No Improvement, Premiums Continue to Decline] Today, the mainstream transaction prices of 0# zinc were concentrated at 23,725-23,955 yuan/mt, with no transactions for Shuangyan. The mainstream transaction prices of 1# zinc were at 23,695-23,885 yuan/mt. In the early session, the market quoted on par with the average price...

SMM February 13 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,725-23,955 yuan/mt, with no transactions for Shuangyan. The mainstream transaction prices of 1# zinc were at 23,695-23,885 yuan/mt. In the early trading session, the market quoted at parity with the average price and at premiums of 0-20 yuan/mt against the 2503 contract. During the second trading session, ordinary domestic brands were quoted at premiums of 0-20 yuan/mt against the 2503 contract, while high-priced brands such as Shuangyan had no quotations against the 2503 contract. Huize was quoted at a premium of 120 yuan/mt against the 2503 contract, and Baiyin was quoted at a premium of 10 yuan/mt against the 2503 contract. Today, there were many shipments from traders in the market, but the futures market remained at a high level. Downstream enterprises, having previously made purchases and holding certain raw material inventories, mostly engaged in just-in-time procurement today. Overall, shipments and transactions remained poor, and spot premiums in Shanghai continued to decline.

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