Zinc in Shanghai: The Market was Mainly Shipping the Goods, and the Transactions Decreased

SHANGHAI, May 12 (SMM) - 0# zinc mainstream traded at 25,700-25,960 yuan/mt in Shanghai, and Shuangyan traded at 25,820-26,100 yuan/mt. 0# zinc regular brand was in premiums of 60-80 yuan/mt over SHFE 2206, and Shuangyan quoted in premiums of 200 yuan/mt. 1 # zinc mainstream traded at 25,630-25,890 yuan/mt. The cargo holders had insufficient willingness to hold the prices firm as the zinc prices rose. The transactions decreased and the decline of premiums fell. The prices were quoted in premiums of 60-80 yuan/mt over the 2206 contract and manily traded in average price. Traders quoted in discounts of 20-10 yuan/mt over the average price. In the second period, the general zinc ingot of the holders was quoted in premiums of about 60 ~ 70 yuan/mt over the 2206 contract. The market transactions decreased slightly as the zinc prices rose. The cargo holders had insufficient willingness to hold the prices firm and chose to decrease the premiums. As a result, the decline of the average price has expanded and the overall transactions were poor.