Shanghai Zinc: Kylin zinc ingots arrived over the weekend, with premiums continuing to weaken [SMM Midday Review]

SMM June 16: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 21,970 to 22,120 yuan/mt, with Shuangyan zinc trading at 22,080 to 22,260 yuan/mt, and #1 zinc trading mainly at 21,900 to 22,050 yuan/mt. In the morning session, the market was quoted at premiums of 10 to 30 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 a premium of 240 yuan/mt against the 2507 contract, while Baiyin zinc was quoted at a premium of 320 yuan/mt against the 2507 contract. Spanish zinc was quoted at a premium of 180 to 220 yuan/mt against the 2507 contract, and the high-end brand Shuangyan was quoted at a premium of 350 to 380 yuan/mt against the 2507 contract. Over the weekend, a large quantity of Qilin zinc ingots arrived, and today, there were many traders offering shipments in the market. Premium quotations continued to decline, with the futures market remaining at a low level. Downstream enterprises largely maintained their just-in-time demand, and overall transaction volumes did not show significant improvement.