Futures Market Fell First Then Rose, Spot Cargo Discounted Again [SMM Shanghai Spot Weekly Review]

SMM March 14 News: This week, quotations in the Shanghai region remained weak, basically flat WoW. As of this Friday, ordinary domestic brands quoted at a discount of 10 to a premium of 10 yuan/mt against the 2504 contract, while high-end brand Shuangyan quoted at a premium of 70 yuan/mt against the 2504 contract. During the week, there were more traders selling in the Shanghai market. In the first half of the week, zinc prices declined, prompting downstream enterprises to price at low points, leading to a slight increase in spot premiums. However, in the latter half of the week, zinc prices rose significantly, reigniting downstream enterprises' aversion to high prices, with purchasing as needed being the main approach. Spot transactions showed mediocre performance, and spot cargo gradually shifted to a discount trend. If the futures market remains at high levels next week, spot premiums may maintain a fluctuating trend.

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