Shanghai Zinc: Traders Slightly Stood Firm on Quotes, No Improvement in Transactions [SMM Midday Review]

SMM March 17 News: Today, mainstream transaction prices for #0 zinc were concentrated at 24,120-24,255 yuan/mt, with Shuangyan transactions at 24,160-24,295 yuan/mt, and mainstream transaction prices for #1 zinc at 24,050-24,185 yuan/mt. In the early trading session, market quotations were at premiums of 0-20 yuan/mt against the average price, with fewer quotations against futures. During the second trading session, ordinary domestic zinc was quoted at premiums of 0-20 yuan/mt against the 2504 contract, Baiyin at premiums of 10 yuan/mt against the 2504 contract, Huize at premiums of 50 yuan/mt against the 2504 contract, and the high-end brand Shuangyan at premiums of 40-50 yuan/mt against the 2504 contract. Zinc futures prices remained high, and today marked the last day for delivery. Market traders showed low willingness to sell at lower prices and slightly stood firm on spot quotes. Spot premiums in Shanghai saw a slight increase today; however, downstream buyers continued purchasing as needed, and overall market transactions remained modest..