SMM reported on February 26: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,500~23,615 yuan/mt, with Shuangyan trading at 23,620~23,715 yuan/mt, and the mainstream transaction prices of 1# zinc at 23,430~23,545 yuan/mt. In the early trading session, the market quoted the average price for cargoes with invoices dated next month, with few quotes against the futures market. During the second trading session, ordinary domestic zinc was quoted at discounts of 10~0 yuan/mt against the 2503 contract, Huize was quoted at a premium of 90 yuan/mt against the 2503 contract, Baiyin at a premium of 10 yuan/mt, and the high-priced brand Shuangyan at a premium of 110 yuan/mt against the 2503 contract. The Shanghai market still had ample supply today. The futures market saw a slight decline compared to yesterday morning, but downstream enterprises had mostly completed restocking at lower prices yesterday. Today, the demand for purchasing zinc ingots was low, and overall spot transactions weakened. However, traders continued to stand firm on quotes, leading to a slight increase in spot premiums.
