Traders kept prices firm and spot premiums in Shanghai rose slightly

Published: Mar 20, 2024 18:00

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Mainstream traded prices of #0 zinc were 21130~21240 yuan/mt today, with 21030~21190 yuan/mt for Shuangyan zinc, and 21110~21280 yuan/mt for #1 zinc.

Mainstream traded prices of #0 zinc were 21130~21240 yuan/mt today, with 21030~21190 yuan/mt for Shuangyan zinc, and 21110~21280 yuan/mt for #1 zinc. In the morning, the discounts were 10 yuan/mt over the average SMM price, and 40~50 yuan/mt over the SHFE 2312 zinc contract. During the second trading session, regular domestic brands were quoted with discounts of 40-50 yuan/mt over the SHFE 2312 zinc contract. Shuangyan zinc was quoted with premiums of 30-50 yuan/mt over the SHFE 2404 contract. Zinc prices were running at a low level today, and traders were gradually raising prices, but downstream consumption has not improved yet. Spot quotes remained rangebound.

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