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Shanghai zinc: Zinc prices remained high, with transactions mainly among traders [SMM Midday Review]

iconMay 21, 2024 15:50
Source:SMM
Today, the mainstream transaction prices for 0# zinc were 24,200-24,740 yuan/mt, with Shuangyan traded at 24,350-24,900 yuan/mt, and the mainstream transaction prices for 1# zinc were 24,130-24,670 yuan/mt.

Today, the mainstream transaction prices for 0# zinc were 24,200-24,740 yuan/mt, with Shuangyan traded at 24,350-24,900 yuan/mt, and the mainstream transaction prices for 1# zinc were 24,130-24,670 yuan/mt. In the early session, the market price was at a premium of around -15-0 yuan/mt over SMM average price. In the second trading session, the general domestic brands were quoted at a discount of 100-120 yuan/mt against the 2406 contract, while the high-priced Shuangyan brand was offered at a premium of 30-60 yuan/mt over the 2406 contract. Today, zinc prices remained high, with weak spot premium and overall transactions mainly among traders.

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