Shanghai zinc: Traders held prices firm, premium continued to rise [SMM Midday Review]

Today, the mainstream transaction prices of 0# zinc were concentrated at 24,160-24,430 yuan/mt, with Shuangyan brand trading at 24,320-24,570 yuan/mt, and the mainstream transaction prices for 1# zinc were at 24,090-24,360 yuan/mt. In the early trading session, the average market price was at a premium of 5-20 yuan/mt. In the second trading session, the general domestic brand was at a discount of around 50-60 yuan/mt against the 2407 contract, while the high-end brand Shuangyan was at a premium of around 90 yuan/mt over the 2407 contract. Today, zinc prices remained volatile. Market shipments were relatively low, while purchases increased. Trading among traders was quite active, and downstream companies mainly made essential purchases at low prices. Premium continued to rise, and overall transactions were decent.