SMM, June 6: This week, spot premiums in the Tianjin region declined slightly, falling by approximately 40 yuan/mt WoW. As of Friday this week, domestic common brands were quoted at premiums of 240-310 yuan/mt against the 2507 contract, while high-priced brands were quoted at premiums of 340-400 yuan/mt against the 2507 contract. The Tianjin market was at a discount of approximately 80 yuan/mt against the Shanghai market, with contract rollover quotes offered during the week. Zinc prices fluctuated mainly within a range during the week, with downstream consumption continuing to weaken. Large plants mainly focused on long-term contracts, while small plants primarily restocked based on immediate needs, with low procurement enthusiasm from downstream buyers. There was a significant influx of arrivals in Tianjin, leading to an accumulation of social inventory. Despite the widening price spread between futures contracts under the back structure, the premiums and discounts offered by traders for selling continued to decline. Trading activity among traders was brisk, but overall transactions were sluggish this week. It is expected that contract rollover premiums may decline next week.
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