SMM News on May 14: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,785-22,975 yuan/mt, with Shuangyan zinc trading at 23,905-23,235 yuan/mt, and 1# zinc trading mainly at 22,715-22,905 yuan/mt. In the morning session, the market quoted premiums of 30-50 yuan/mt against the average price, with no quotes against the futures market. In the second trading session, quotations for ordinary domestic zinc were at premiums of 240-290 yuan/mt against the 2506 contract, while high-end brand Shuangyan was quoted at a premium of 550 yuan/mt against the 2506 contract, and SMC was quoted at a premium of 400 yuan/mt against the 2507 contract. The price spread for nearby months continued to narrow. Today, zinc prices on the futures market rose significantly, with downstream players continuing to adopt a wait-and-see attitude and showing low purchase willingness. Coupled with the impact of low-priced spot quotations due to the successive arrival of imported zinc ingots, spot premiums in Shanghai continued to weaken today. Enterprises maintained just-in-time procurement, and overall spot transaction performance was average.
