Shanghai Zinc: Futures Market Declined MoM, Limited Improvement in Trading Volume [SMM Midday Review]

SMM March 28 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 23,700~23,910 yuan/mt, Shuangyan transactions were at 23,770~23,960 yuan/mt, and the mainstream transactions of 1# zinc were at 23,630~23,840 yuan/mt. In the morning session, the market quoted premiums of 0~10 yuan/mt against the average price, with fewer quotes against the futures market. In the second trading session, ordinary domestic brands were quoted at premiums of -10~+10 yuan/mt against the 2504 contract, Baiyin was quoted at a premium of 20 yuan/mt against the 2504 contract, Huize was quoted at a premium of 60 yuan/mt against the 2504 contract, and the high-priced brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2504 contract. The futures market slightly declined compared to yesterday, and some downstream companies made some price inquiries, but companies remained cautious about further declines, resulting in limited purchasing willingness today. Overall, spot cargo transactions improved slightly, but spot premiums showed no significant improvement.