Spot Zinc Prices in Guangdong are Quoted at Discounts

SHANGHAI, Mar 2 (SMM) - #0 zinc in Guangdong was primarily traded at 23,490-23,510 yuan/mt, and quoted with discounts of 20-0 yuan/mt over the SHFE 2304 zinc contract. Discounts in Guangdong stood at 30 yuan/mt against Shanghai prices. Zinc prices fluctuated at high levels today, and the downstream companies purchased on rigid demand. In the first trading session, quotations of some brands offered by the holders were discounts of around 0-20 yuan/mt over the average SMM zinc price. In the second trading session, spot discounts remained almost unchanged. The overall market transactions were modest on March 2.