SMM September 12: Shanghai spot prices held steady this week, with the weekly average price basically flat WoW. As of Friday, mainstream domestic brands were at a discount of 20 yuan/mt against the 2510 contract, while premium brand Shuangyan was at a premium of 90 yuan/mt against the 2510 contract. Zinc prices maintained a fluctuating trend during the week. Downstream enterprises purchased cautiously and stuck to on-demand buying. Market traders faced slow sales. Shanghai zinc ingot inventory accumulated WoW. Spot premiums struggled to rise and remained low throughout the week. Shanghai spot prices are expected to remain in the doldrums next week.
