Guangdong Zinc: Spot Trades Continued, Premiums and Discounts Rose Today [SMM Midday Review]

SMM April 2 News: The mainstream transaction price of 0# zinc in Guangdong was 23,280-23,510 yuan/mt. The mainstream brands quoted a premium of 40-60 yuan/mt against the 2505 contract, and a discount of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained unchanged. In the first session, suppliers quoted a premium of 30-60 yuan/mt for Qilin, Mengzi, Huize, and Lan zinc. In the second session, Qilin and Mengzi quoted a premium of 40-60 yuan/mt against the online price. Overall, the price center of zinc declined today, but due to the impact of previous downstream stockpiling, some companies showed low buying sentiment, and spot transactions were relatively ordinary. The premiums and discounts quoted by traders increased today, driving the spot premiums and discounts in Guangdong higher.