Market Price Decline Boosts Spot Trading and Price Fixing Activities: SMM News March 18th

The Market Price Keeps Declining, and the Number of Spot Price Fixing Purchases Increases:SMM News on March 18th: The mainstream transaction price of 0# zinc in Guangdong is between 23,760 and 24,095 yuan per ton. The mainstream brands are quoted at a discount of 35 yuan per ton for the 2505 contract, and at a discount of 20 yuan per ton compared to the Shanghai spot price. The price difference between Shanghai and Guangdong remains unchanged.

In the first period, the holders quoted a discount of 35 to 15 yuan per ton for Kirin, Mengzi, Huize, Danxia, and Lanzhou Zinc. In the second period, Kirin, Mengzi, and Lanzhou Zinc were quoted at a discount of 35 to 15 yuan per ton compared to the online price.Overall, today's market price declined, which drove an improvement in market transactions. The spot trading has slightly warmed up, and the market premium has increased slightly. At the same time, as the market price continues to decrease, there are more downstream price fixings. Although the spot transactions have improved slightly, today's quotation for the contract rollover in Guangdong region shows that the actual premium has decreased.