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In domestic spot markets, discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 220-230/mt, with traded prices between RMB 15,130-15,150/mt. As SHFE zinc prices inched down, spot discounts narrowed to RMB 190-200/mt, with traded prices around RMB 15,100/mt. #1 zinc prices were between RMB 15,050-15,100/mt. Downstream buyers took a wait-and-see attitude, unwilling to build stocks. In the afternoon, spot prices were generally around RMB 15,100/mt, and some downstream buyers entered the market, with transactions improving.
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