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Home / Metal News / Shanghai Zinc: Traders Face Slow Sales, Premiums Continue to Decline [SMM Midday Review]

Shanghai Zinc: Traders Face Slow Sales, Premiums Continue to Decline [SMM Midday Review]

iconJan 13, 2025 11:53
Source:SMM
[Shanghai Zinc: Traders Struggle to Sell, Premiums Continue to Decline] Today, the mainstream transaction prices of 0# zinc were concentrated at 24,795-25,010 yuan/mt, with Shuangyan trading at 24,995-25,210 yuan/mt, and the mainstream transaction prices of 1# zinc at 24,725-24,940 yuan/mt. In the early session, the market premiums against the average price were around 180-200 yuan/mt, with almost no follow-up quotations...
SMM January 13 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 24,795-25,010 yuan/mt, with Shuangyan trading at 24,995-25,210 yuan/mt, and 1# zinc mainstream transaction prices at 24,725-24,940 yuan/mt. In the early trading session, the market spot premiums over the average price were around 180-200 yuan/mt, with almost no follow-up quotations. During the second trading session, ordinary domestic zinc was quoted at premiums of around 650 yuan/mt against the 2502 contract, Baiyin was quoted at premiums of 600 yuan/mt against the 2502 contract, and the high-priced Shuangyan brand was quoted at premiums of 850 yuan/mt against the 2502 contract. Shanghai domestic zinc ingot long-term contracts continued to arrive, and there were more shipments from traders today. However, as downstream enterprises have gradually started their holidays recently, raw material purchase demand has declined. With sluggish transactions among traders, spot premiums have dropped significantly, and overall market transactions were average.  

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