SMM May 14 news:
In Guangdong, the mainstream transactions for 0# zinc were concluded at 22,810-22,980 yuan/mt. Mainstream brands were quoted at a premium of 295 yuan/mt against the 2506 contract and at a premium of 50 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened. In the first instance, suppliers quoted Qilin, Mengzi, and Lanxin zinc at a premium of 275-295 yuan/mt. In the second instance, Qilin, Mengzi, and Lanxin zinc were quoted at a premium of 265-295 yuan/mt against the online price. Overall, the center of the futures market moved upward today. Downstream procurement sentiment pulled back, and it was difficult for market traders to sell at high prices, resulting in sluggish spot trading activity. Amidst difficult trading conditions, the spot premium in Guangdong pulled back today.
