Guangdong Zinc: Futures Market Dropped Back Slightly, Some Traders Saw Improved Transactions [SMM Midday Review]

SMM December 27 News: The mainstream transaction price of Guangdong 0# zinc was 25,770-25,970 yuan/mt. Mainstream brands quoted a premium of 540-550 yuan/mt against the 2502 contract and a spot discount of 150 yuan/mt against Shanghai, with the Shanghai-Guangdong price spread widening. Initially, suppliers quoted a premium of 540-550 yuan/mt for Qilin, Huize, Feilong, and Hualian. As year-end approached, market trading activity by suppliers decreased as they entered the account-closing phase. In the second session, Qilin and Hualian quoted a premium of 550-570 yuan/mt against the online price. Currently, the futures market saw a slight decline today, with some traders reporting improved transactions. However, as zinc prices remained fluctuating at high levels, overall market transactions were moderate.