Guangdong Zinc: Zinc Prices Remain High, Premiums Fluctuate

The mainstream transaction price of Guangdong 0# zinc was 24,210~24,350 yuan/mt. Mainstream brands quoted a discount of 100~110 yuan/mt against the 2408 contract and a premium of 10 yuan/mt against Shanghai spot prices. The Shanghai-Guangdong price spread remained in a fluctuating range. Initially, sellers quoted premiums of -5~10 yuan/mt for brands like Qilin, Huize, and Mengzi against next month contract. Downstream buyers purchased as needed against high zinc prices rainy weather and the off-season, leading to sluggish trading. In the second time period, Qilin and Mengzi brands quoted a discount of 105 yuan/mt against the 2408 contract. Market quotes remained relatively stable, and trading among traders was also limited, with market transactions continuing to be weak.