Shanghai zinc: Moderate trading among traders, with premiums moving rangebound [SMM Midday Review]

Today, the mainstream transaction prices of 0# zinc were concentrated at 24,570~24,700 yuan/mt, with Shuangyan trading at 24,810~24,950 yuan/mt, and the mainstream transaction prices of 1# zinc were at 24,500~24,630 yuan/mt. In the early trading session, the market average price had a discount of 5 yuan/mt to a premium of 5 yuan/mt, with a discount of around 100 yuan/mt against the 2408 contract, and no transactions were made. Later, the quotes for ordinary domestic brands continued to have a discount of around 100~110 yuan/mt against the 2408 contract, while high-end brand Shuangyan had a premium of around 120~140 yuan/mt against the 2408 contract. Zinc prices rose during the day, and downstream buyers were cautious due to high prices, but trading among traders was moderate, with small premiums providing some support.