Shanghai Zinc: Futures Market Sees High-Level Fluctuations with Continuous Low Premiums [SMM Midday Review]

게시됨: Mar 25, 2025 11:43
[Shanghai Zinc: Futures Market at High Levels with Premiums Remaining Low] Today, the mainstream transaction prices for 0# zinc concentrated at 24,060 to 24,190 yuan/mt, Shuangyan traded at 24,100 to 24,250 yuan/mt, and 1# zinc mainly transacted at 23,980 to 24,120 yuan/mt....
SMM March 25: Today, the mainstream transaction prices of 0# zinc were concentrated at 24,060-24,190 yuan/mt, Shuangyan traded at 24,100-24,250 yuan/mt, and 1# zinc mainly traded at 23,980-24,120 yuan/mt. In the morning session, the market quoted premiums of 0~20 yuan/mt against the average price, with fewer quotations against the futures. In the second trading session, ordinary domestic brands were quoted at discounts of 10~0 yuan/mt against the 2504 contract, while Baiyin was on parity against the 2504 contract, and the high-priced brand Shuangyan was quoted at premiums of 40-60 yuan/mt against the 2504 contract. The futures market fluctuated at highs throughout the morning. Today being the last day of the long-term contract for March, many traders were selling, but downstream buyers, having already purchased and holding some inventory, showed low purchase willingness. Overall, premiums remained low, and spot transactions by some traders worsened MoM.

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Shanghai Zinc: Futures Market Sees High-Level Fluctuations with Continuous Low Premiums [SMM Midday Review] - Shanghai Metals Market (SMM)