Shanghai zinc: Market shifts to premium, traders' selling enthusiasm increases

Today, the mainstream transaction prices for 0# zinc were concentrated between 22,870-22,120 yuan/mt, with Shuangyan transactions at 22,100-22,350 yuan/mt, and 1# zinc mainstream transactions at 21,800-22,050 yuan/mt. In the early trading session, the market average price premium was around 0-10 yuan/mt, with a premium of around 10-20 yuan/mt for the 2409 contract and around 20-30 yuan/mt for the 2408 contract. However, there were fewer transactions following the market, with most transactions occurring at the average price. In the second trading session, the general domestic quotes had a premium of around 15-20 yuan/mt for the 2409 contract, while the high-priced brand Shuangyan had a premium of around 240 yuan/mt for the 2409 contract. Today, zinc prices fell, and downstream producers mainly engaged in dip buying. Traders were actively selling due to the rising premiums. Additionally, traders had sold a significant amount previously, and the market reception was moderate, with active trading among traders.