【Market Transactions Thrive as Premiums Continue to Rise】
SMM March 20:Guangdong 0# zinc mainstream transaction is 23625~23925/ton, mainstream brands offer a discount of 5 yuan/ton for 2505 contract, 40 yuan/ton for Shanghai spot discount, and the Shanghai-Canton price gap has widened. For the first time, the holders offered a discount of 10 to 25 yuan/ton for Kirin, Mengzi, Huize, Danxia and Lanzinc, and 5-25 yuan/ton for Kirin and Lanzinc. Overall, today's market has declined slightly compared to yesterday, and downstream inquiry prices have increased, but the wait-and-see sentiment is also apparent due to higher market quotations. Some traders with higher offers are willing to slightly lower the premium for shipments. Today, some terminal enterprises are picking up goods at low prices, and the overall transaction atmosphere is still relatively active.
