Shanghai Zinc: First Trading Day After the Holiday, Few Market Traders Shipping Goods [SMM Midday Review]

SMM February 5 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,250~23,765 yuan/mt, with no quotations for Shuangyan. The mainstream transaction prices of 1# zinc were at 23,180~23,695 yuan/mt. In the early trading session, the market quoted at premiums of 50 yuan/mt against the 2502 contract. During the second trading session, ordinary domestic brands were quoted at premiums of 50-80 yuan/mt against the 2502 contract, while high-priced brand Shuangyan had no quotations against the 2502 contract, and Huize was quoted at a premium of 150 yuan/mt against the 2503 contract. Today marked the first trading day after the holiday, and the Shanghai market saw a cautious sentiment among traders, with limited quotations from suppliers. Additionally, although the futures market showed a significant decline in the morning, the resumption of work and production among downstream enterprises was limited, leading to only slight improvement in inquiry and purchase demand. Overall, market transactions were relatively sluggish.