[Shanghai Zinc: Futures Market Slightly Declined, Traders Raised Spot Quotes] Today, the mainstream transaction prices of 0# zinc were concentrated at 23,750-23,965 yuan/mt, with Shuangyan traded at 23,830-24,035 yuan/mt, and the mainstream transaction prices of 1# zinc at 23,680-23,895 yuan/mt. In the early trading session, the market quoted a premium of 10-20 yuan/mt against the average price, with fewer quotes against the futures market...
SMM March 10 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,750~23,965 yuan/mt, with Shuangyan trading at 23,830~24,035 yuan/mt, and 1# zinc mainstream transaction prices at 23,680~23,895 yuan/mt. In the early trading session, market quotations for the average price were at premiums of 10~20 yuan/mt, with fewer quotes against futures. During the second trading session, ordinary domestic zinc was quoted at premiums of 0~20 yuan/mt against the 2504 contract, Baiyin was quoted on par with the 2504 contract, Huize was quoted at a premium of 80 yuan/mt against the 2504 contract, and the high-end brand Shuangyan was quoted at a premium of 80 yuan/mt against the 2504 contract. The morning futures market fell significantly compared to last Friday, prompting some traders to raise their spot premium quotations. The market sentiment to stand firm on quotes was strong; however, downstream purchases remained relatively average today. The overall adjustment in spot premiums and discounts in Shanghai was limited, with market activity mainly driven by traders.
