SMM January 3 News: Mainstream transactions of Guangdong 0# zinc were at 25,105-25,405 yuan/mt, with mainstream brands quoting a premium of 545-558 yuan/mt against the 2502 contract and a spot discount of 130 yuan/mt against Shanghai. The Shanghai-Guangdong price spread widened. In the first session, suppliers quoted premiums of 545-585 yuan/mt for Qilin, Mengzi, and Danxia. Zinc prices declined today, prompting increased downstream buying the dip and higher restocking enthusiasm, leading to a recovery in market activity. In the second session, Qilin and Danxia quoted premiums of 575-585 yuan/mt against the online price. Overall, influenced by the decline in zinc prices, downstream enterprises restocked more today, driving an improvement in market transactions. Meanwhile, the price spread between futures contracts slightly expanded, and premiums edged higher.




