Shanghai Zinc: Increased Purchases by Traders, Slight Improvement in Market Activity

Today, the mainstream transaction prices for 0# zinc were concentrated between 24,190~24,350 yuan/mt, Shuangyan traded at 24,420~24,590 yuan/mt, and the mainstream transaction prices for 1# zinc were between 24,120~24,280 yuan/mt. In the early trading session, the market average premium was -5~10 yuan/mt, with a discount of 40~50 yuan/mt against the 2407 contract; in the second trading session, the general domestic quotes had a discount of around 50 yuan/mt against the 2407 contract, while the high-priced brand Shuangyan had a premium of around 180~200 yuan/mt against the 2407 contract. As new contracts were entered, traders gradually increased their purchases, market activity improved, premiums remained volatile, but downstream consumption did not show improvement, maintaining an overall weak trend.