Shanghai Zinc: Futures Market Fluctuates with Average Trading Performance [SMM Midday Review]

SMM March 19 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,785-23,905 yuan/mt, with Shuangyan traded at 23,835-23,955 yuan/mt, and 1# zinc mainstream transactions at 23,715-23,835 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 the futures market. During the second trading session, ordinary domestic zinc was quoted at premiums of 10-20 yuan/mt against the 2504 contract, Huize at a premium of 80 yuan/mt against the 2504 contract, and the high-priced brand Shuangyan at premiums of 60-70 yuan/mt against the 2504 contract. The futures market maintained a fluctuating trend today. Downstream buyers, having purchased more yesterday and holding certain inventories, showed low buying sentiment today. Market traders actively sold goods, but spot transactions were average overall. Premiums remained stable, with attention on the subsequent warrant outflows.