Guangdong Zinc: Trading activity in the South China market continues to be sluggish

#0 zinc in Guangdong was traded at 20865~20990 yuan/mt today. Mainstream brands were quoted with discounts of 30~40 yuan/mt over SHFE 2404 zinc contract, with discounts of 30 yuan/mt against Shanghai prices. In the first time, the sellers quoted prices for brands such as Qilin, Huize and Mengzi, with a discount of 10 yuan/ton and most downstream companies were in a wait-and-see state; in the second trading period, Qilin, Mengzi, etc. were quoted a discount of 30~40 yuan/ton; the market trading atmosphere was poor; the arrival volume of Qilin was low, and the quotation was 5 yuan/ton higher than that of Mengzi, etc., and the transaction was poor.