Shanghai Zinc: Futures Market Declines Significantly, Few Market Quotations from Traders [SMM Midday Review]

SMM, January 3: Today, the mainstream transaction prices of 0# zinc were concentrated at 25,410-25,710 yuan/mt, with Shuangyan trading at 25,510-25,750 yuan/mt, and 1# zinc mainstream transaction prices at 25,340-25,640 yuan/mt. In the early trading session, market spot premiums over the average price were around 180-240 yuan/mt, with almost no follow-up quotations. During the second trading session, ordinary domestic zinc was quoted at premiums of 500-560 yuan/mt against the 2501 contract, Huize was quoted at a premium of 540 yuan/mt against the 2501 contract, and the high-end brand Shuangyan was quoted at a premium of 600 yuan/mt against the 2501 contract. Today, there were fewer traders shipping in the Shanghai market, and with limited supply, spot premiums continued to rise, while spot trades were still mainly conducted among traders.