Shanghai Zinc: Futures market rises, premium declines slightly [SMM Midday Review]

SMM News on May 21: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,750 to 22,885 yuan/mt, with Shuangyan zinc trading at 23,040 to 23,175 yuan/mt, and 1# zinc trading mainly at 22,680 to 22,815 yuan/mt. In the morning session, the market quoted premiums of 20 to 50 yuan/mt against the average price, with no quotes against the futures market. During the second trading session, the quotations for ordinary domestic zinc were at a premium of 240 yuan/mt against the 2506 contract, Honglu-v at a premium of 280 yuan/mt against the 2506 contract, the high-end brand Shuangyan was quoted at a premium of 530 yuan/mt against the 2506 contract, and Hazin was at a premium of 160 yuan/mt against the 2506 contract. The futures market rose compared to yesterday, with downstream enterprises showing less interest in inquiring and purchasing, and market traders facing difficulties in selling. Spot premiums declined slightly, with spot transactions mainly occurring among traders.