Shanghai Zinc:The Futures Market Fluctuated, With Average Transaction Performance [SMM Midday Review]

SMM March 19 News: Today, mainstream transaction prices for 0# zinc were concentrated at 23,785-23,905 yuan/mt, with Shuangyan traded at 23,835-23,955 yuan/mt, and mainstream transaction prices for 1# zinc at 23,715-23,835 yuan/mt. In the early session, market quotations were at premiums of 0-20 yuan/mt against the average price, with fewer quotations against futures. During the second trading session, ordinary domestic zinc was quoted at premiums of 10-20 yuan/mt against the 2504 contract, Huize at a premium of 80 yuan/mt against the 2504 contract, and the high-priced brand Shuangyan at premiums of 60-70 yuan/mt against the 2504 contract. The futures market maintained a fluctuating trend today. Downstream buyers, having purchased more yesterday and holding certain inventories, showed low buying sentiment today. Market traders actively sold goods, but spot transaction performance was average. Overall premiums remained stable, with attention on the subsequent outflow of warrants.