Many Shippers Sold Goods Premiums Fluctuated Rangebound [SMM Shanghai Spot Weekly Review]
게시됨: Mar 21, 2025 14:26
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[Ample Traders Offered, Premiums Fluctuate Rangebound] This week, prices in the Shanghai area fluctuated rangebound, up 5 yuan/mt WoW from the weekly average. As of Friday, premiums for regular domestic brands against the 2504 contract were 0~10 yuan/mt, while the premium for the high-end brand Shuangyan against the 2504 contract was 60 yuan/mt....
SMM Mar 21: This week, prices in the Shanghai area fluctuated rangebound, up 5 yuan/mt WoW from the weekly average price. As of Friday, domestic brands were quoted at a premium of 0-10 yuan/mt against the 2504 contract, while the high-end brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2504 contract. During the week, there were many traders selling in the Shanghai market. At the beginning of the week, zinc prices declined significantly, and downstream buyers improved their buying the dip, which led to a slight increase in spot premiums. However, as the futures market maintained a fluctuating trend, downstream companies became more cautious, and transactions remained at basic levels. Spot premiums struggled to rise. With warrants gradually flowing out, premiums may not see significant improvement next week.