Shanghai zinc: Zinc prices remained volatile, with trading mainly among traders

Today, the mainstream transaction prices for 0# zinc were concentrated at 22,730-22,910 yuan/mt, Shuangyan traded at 22,950-23,150 yuan/mt, and the mainstream transaction prices for 1# zinc were at 22,660-22,840 yuan/mt. In the early trading session, the market average price was at a discount of 0-5 yuan/mt, with no quotes for the basis, and transactions were mainly at the average price. In the second trading session, the ordinary domestic quotes were at a premium of around 0 yuan/mt to the 2409 contract, while the high-end brand Shuangyan was at a premium of around 220-240 yuan/mt to the 2409 contract. Today, the premiums were largely stable, trading among traders was decent, downstream demand was relatively passive, with mainly just-in-time procurement. Imported zinc ingots continued to impact the market, with some directly delivered to end-users, and overall transactions were relatively average.