SMM News on June 17: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 21,940-22,105 yuan/mt, with Shuangyan zinc trading at 22,060-22,235 yuan/mt, and 1# zinc trading mainly at 21,870-22,035 yuan/mt. In the morning session, the market quoted premiums of 0-20 yuan/mt against the average price, with no quotes against the futures market. In the second trading session, quotations for ordinary domestic zinc were at premiums of 180-200 yuan/mt against the 2507 contract, while Baiyin zinc was quoted at a premium of 270 yuan/mt against the 2507 contract, and Spanish zinc at a premium of 150 yuan/mt against the 2507 contract. The high-end brand Shuangyan was quoted at premiums of 300-330 yuan/mt against the 2507 contract. The delivery of the SHFE zinc 2506 contract was completed, and the market anticipated a decline in subsequent premiums. Sellers were actively offloading their inventory today, but the futures market saw a slight rebound. Downstream enterprises once again adopted a wait-and-see attitude, resulting in mediocre performance in purchase transactions. Traders continued to lower their premium quotes to facilitate sales. With the subsequent release of warrants, premiums may continue to decline.
