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#0 zinc prices were between RMB 16,380-16,410/mt, RMB 100-80/mt below SHFE 1508 zinc contract prices and RMB 70-50/mt below SHFE 1507 zinc contract prices. #1 zinc prices were RMB 16,350-16,370/mt. SHFE 1508 zinc contract prices fell RMB 50/mt, causing spot discounts to narrow RMB 20/mt. Some smelters held back goods, but traders and cargo holders both releases goods, leaving supply ample. Traders engaged in term contracts actively, but downstream buyers mostly took a wait-and-see attitude, with overall transactions quiet. SHFE 1508 zinc contract prices fell slightly in the afternoon, with spot discounts of #0 zinc narrowing RMB 10-20/mt.
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