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Zinc in Shanghai: The Market Premium Rose Slightly, and the Transaction was Modest [SMM Afternoon Comment]
Apr 18, 2022 16:08CST
Source:SMM
[SMM afternoon comment on zinc in Shanghai: The market premium rose slightly, and the transaction was modest] On the whole, the transactions between traders are mainly dealt with the average price premium today. At the same time, affected by that, the market shipments with the market price decreased, and then some holders held up the price, so that the overall transaction was modest.

0# zinc in Shanghai mainstream traded at 27,950 ~ 28,150 yuan/mt, and Shuangyan has no quotation for the time being; 0# zinc regular brand was in discounts of 60-0 yuan/mt over SHFE 2205, and Shuangyan has no quotation for the time being; 1 # zinc mainstream traded at 27,880 ~ 28,080/mt. Today, the zinc prices fluctuated and were still at a relatively high position. After the average market price transactions were good, the average price rose upward, resulting in the weakening of the willingness of the holders to ship at the average market price. Then, some of the goods were shipped at a high price, in premiums of 60-0 yuan/mt over SHFE 2205, and the traders quoted in premiums of 5-10 yuan/mt over the average price. In the second period, the general zinc ingot of the holder offered a discount of about 30~0 yuan / ton for the 2205 contract, and the market transaction was average. On the whole, the transactions between traders are mainly dealt with the average price premium today. At the same time, affected by that, the market shipments with the market price decreased, and then some holders held up the price, so that the overall transaction was modest.

Zinc
Shanghai

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