[Shanghai Zinc: Futures Market Rises, Premium Declines MoM] Today, the mainstream transaction prices of 0# zinc concentrated at 23,945-24,220 yuan/mt, Shuangyan traded at 23,995-24,260 yuan/mt, and 1# zinc mainly transacted at 23,875-24,150 yuan/mt. In the morning session, the market quoted premiums of 0-10 yuan/mt against the average price, with fewer quotes against the futures...
SMM March 24: Today, the mainstream transaction prices of 0# zinc concentrated at 23,945~24,220 yuan/mt, Shuangyan traded at 23,995~24,260 yuan/mt, and 1# zinc mainly transacted at 23,875~24,150 yuan/mt. In the morning session, market quotations were at premiums of 0~10 yuan/mt against the average price, with fewer quotations against the board. In the second trading session, ordinary domestic brands were quoted at discounts of 10 to premiums of 10 yuan/mt against the 2504 contract, while Baiyin was quoted at a premium of 10 yuan/mt against the 2504 contract, Huize at a premium of 40 yuan/mt against the 2504 contract, and high-priced brand Shuangyan at premiums of 40-50 yuan/mt against the 2504 contract. After the opening, zinc prices rose significantly, dampening the sentiment for purchase inquiries from enterprises. Some traders lowered their spot quotations to facilitate sales. Today, the spot premiums in Shanghai declined MoM, as enterprises continued to make purchases based on rigid demand, resulting in moderate overall spot transactions.
