Shanghai Zinc: Futures Market Rebounded Compared to Yesterday, Trading Volume Turned Worse MoM [SMM Midday Review]

Published: Mar 12, 2025 11:43

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[Shanghai Zinc: Futures Rebounded From Yesterday, Transactions Turned Weaker MoM] Today, the mainstream transaction prices of 0# zinc were concentrated at 23,895-24,015 yuan/mt, Shuangyan was traded at 23,965-24,075 yuan/mt, and the mainstream transaction prices of 1# zinc were at 23,825-23,945 yuan/mt. In the early session, the market quoted a premium of 20 yuan/mt against the average price, with fewer quotes against futures.

SMM March 12 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,895~24,015 yuan/mt, with Shuangyan trading at 23,965~24,075 yuan/mt, and 1# zinc mainstream transaction prices at 23,825~23,945 yuan/mt. In the early trading session, the market quoted premiums of 20 yuan/mt against the average price, with fewer quotations against the futures market. During the second trading session, ordinary domestic zinc was quoted at premiums of 10~30 yuan/mt against the 2504 contract, Baiyin at premiums of 10 yuan/mt against the 2504 contract, Huize at premiums of 70 yuan/mt against the 2504 contract, and the high-priced brand Shuangyan at premiums of 70 yuan/mt against the 2504 contract. The futures market showed a significant rebound overall. Today, market sentiment for purchasing and price collection weakened, and traders lowered their spot quotations to facilitate sales. Downstream procurement remained primarily just-in-time procurement, with spot transactions performing moderately.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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