SMM reported on May 13: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,535 to 22,785 yuan/mt, with Shuangyan zinc transactions ranging from 22,835 to 23,015 yuan/mt, and 1# zinc transactions mainly occurring between 22,465 and 22,715 yuan/mt. In the morning market, spot premiums against the average price were quoted at 70 to 100 yuan/mt, with no quotes against the futures market. During the second trading session, quotations for ordinary domestic zinc were at premiums of 350 to 420 yuan/mt against the 2506 contract. High-end brand Shuangyan was quoted at a premium of 650 yuan/mt against the 2506 contract, while Harbin Zinc was quoted at a premium of 300 yuan/mt against the 2506 contract. As the delivery date approached, the price spread between nearby months narrowed significantly, leading traders to lower their spot premium quotations. The futures market declined in the morning session, prompting some enterprises to make purchases at lower prices. However, enterprises continued to anticipate a decline in subsequent premiums, and overall spot transactions remained driven by immediate demand today.
