Shanghai Zinc: Downstream just-in-time procurement, premium remains stable [SMM Midday Review]

SMM News on May 22: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,635-22,795 yuan/mt, with Shuangyan zinc trading at 22,865-23,105 yuan/mt, and 1# zinc trading mainly at 22,565-22,725 yuan/mt. In the morning session, the market was quoted at premiums of 30-50 yuan/mt against the average price, with no quotes against the market. In the second trading session, quotations for ordinary domestic zinc were at premiums of 250-260 yuan/mt against the 2506 contract, Honglu-v was quoted at a premium of 250 yuan/mt against the 2506 contract, Spanish zinc was quoted at a premium of 230 yuan/mt against the 2506 contract, the high-end brand Shuangyan was quoted at a premium of 480 yuan/mt against the 2506 contract, and Kazinc was quoted at a premium of 190 yuan/mt against the 2506 contract. The continuous arrival of imported zinc ingots has supplemented the zinc ingot supply. Traders continued to refuse to budge on prices, and spot premiums remained stable. The inquiry sentiment of downstream enterprises remained low, and spot trades were relatively sluggish.