Market Trading Warmed Up and Zinc Prices Stopped Falling

Published: May 24, 2022 14:54

Source: SMM

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0# zinc mainstream traded at 25,630-25,700 yuan/mt in Shanghai, and Shuangyan traded at 25,690-25,750 yuan/mt. 0# zinc regular brand was in discounts of 50-60 yuan/mt over SHFE 2206, and Shuangyan quoted in premiums of 100 yuan/mt. 1 # zinc mainstream traded at 25,560-25,630 yuan/mt.

SHANGHAI, May 24 (SMM) - 0# zinc mainstream traded at 25,630-25,700 yuan/mt in Shanghai, and Shuangyan traded at 25,690-25,750 yuan/mt. 0# zinc regular brand was in discounts of 50-60 yuan/mt over SHFE 2206, and Shuangyan quoted in premiums of 100 yuan/mt. 1 # zinc mainstream traded at 25,560-25,630 yuan/mt.

The market was more willing to receive goods at a low price while the zinc prices remained volatile. The prices were quoted in premiums of 50-60 yuan/mt over the 2206 contract and in discounts of 10-5 yuan/mt over the average price.
In the second period, the general zinc ingot of the holders was quoted in premiums of about 50 ~ 60 yuan/mt over the 2206 contract.

On the whole, the market’s goods taking improved amid the approaching delivery of long-term orders. After the increase of low-priced goods, the quotations of cargo holders rose slightly. In addition, the demand for invoices in the market increased recently, and the discount to the average price narrowed. Therefore, the overall transaction improved today.

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