Shanghai Zinc: Traders Actively Selling, Spot Premiums Decline [SMM Midday Review]

SMM February 10 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,745-23,920 yuan/mt, with Shuangyan traded at 23,965-24,130 yuan/mt, and the mainstream transaction prices of 1# zinc were at 23,675-23,850 yuan/mt. In the early trading session, the market quoted premiums of 40-50 yuan/mt against the 2503 contract. During the second trading session, ordinary domestic brands were quoted at premiums of 40-50 yuan/mt against the 2503 contract, high-end brand Shuangyan at a premium of 260 yuan/mt, Huize at a premium of 120 yuan/mt, and Baiyin at a premium of 50 yuan/mt against the 2503 contract. Over the weekend, zinc ingots gradually arrived in the Shanghai market, and traders continued to actively sell. However, most downstream enterprises are expected to resume operations after the Lantern Festival, resulting in moderate market demand today. Spot premiums continued to decline, with downstream enterprises making purchases based on immediate needs, and spot trades were mainly conducted among traders.