Shanghai Zinc: Premium Slightly Declined, Market Transactions Were Moderate [SMM Midday Review]

SMM April 15 News: Today, the mainstream transaction prices of 0# zinc were concentrated at 22,770~22,940 yuan/mt, with Shuangyan transactions at 22,830~22,980 yuan/mt, and the mainstream transactions of 1# zinc at 22,700~22,870 yuan/mt. In the morning session, the market quoted premiums of 20~40 yuan/mt against the average price, with fewer quotes against the contract. In the second trading session, ordinary domestic brands were quoted at premiums of 240~260 yuan/mt against the 2505 contract, Honglu-v at 260 yuan/mt against the 2505 contract, Baiyin at 270 yuan/mt against the 2505 contract, Huize at 250~300 yuan/mt against the 2505 contract, and the high-priced brand Shuangyan at 300 yuan/mt against the 2505 contract. As the delivery date approaches, the near-month price spread remains high. Downstream enterprises purchased as needed, and spot transactions today still showed no improvement. Some traders are bearish on subsequent premiums, and spot premiums in Shanghai declined today.