Zinc prices continued to rise, spot cargo transactions were moderate [SMM Shanghai Spot Weekly Review]

Published: Apr 25, 2025 16:16

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Zinc prices continued to rise, while spot transactions were moderate. In Shanghai, the premium of quotations showed a downward trend this week, down 5 yuan/mt WoW. As of Friday, the premium of ordinary domestic brands against the 2505 contract was 170 yuan/mt, while the premium of the high-priced brand Shuangyan against the 2505 contract was 240 yuan/mt.

SMM April 25 News: This week, the spot premiums in Shanghai first rose and then fell, down 30 yuan/mt WoW from the weekly average price. As of Friday, the premium of ordinary domestic brands against the 2505 contract was 175 yuan/mt, while the premium of the high-priced brand Shuangyan against the 2505 contract was 320 yuan/mt. Zinc prices continued to rise this week, but downstream enterprises were cautious in purchasing, with weak purchase willingness, leading to a mediocre performance in spot transactions. However, as the end of long-term contracts approached, the supply in the Shanghai market was limited, and traders stood firm on quotes, with spot premiums hovering at highs during the week. With the continuous inflow of imported zinc ingots, spot premiums are expected to struggle to rise next week.

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