#0 zinc in Guangdong was traded at 22345~22460 yuan/mt today. Mainstream brands were quoted with discounts of 105~115 yuan/mt over SHFE 2406 zinc contract, with premiums of 70 yuan/mt against Shanghai prices. In the first period, sellers quoted prices for brands such as Qilin, Huize and Mengzi at around the high level; in the second period, Qilin, Mengzi and others were at a discount of 90-110 yuan/ton. As SHFE zinc prices fell, downstream stocking demand emerged. In the second period, transactions improved slightly, and the overall market transaction was slightly better than yesterday.
Guangdong market: As the weekend approaches, purchasing demand in South China market increases
#0 zinc in Guangdong was traded at 22345~22460 yuan/mt today.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
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