Shanghai Zinc: Enterprises purchase as needed, with no significant improvement in transactions [SMM Midday Review]

SMM June 19 report: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 21,970 to 22,145 yuan/mt, with Shuangyan zinc trading at 22,130 to 22,295 yuan/mt, and 1# zinc trading mainly at 21,900 to 22,075 yuan/mt. In the morning session, the market was quoted at premiums of -10 to 0 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 140 to 150 yuan/mt against the 2507 contract, while Baiyin zinc was quoted at a premium of 170 yuan/mt against the 2507 contract, and Spanish zinc was quoted at premiums of 80 to 100 yuan/mt against the 2507 contract. The high-end brand Shuangyan was quoted at a premium of 300 yuan/mt against the 2507 contract. Market traders actively sold off their inventory, and premium quotations continued to decline slightly. The futures market also fell, but enterprises continued to purchase according to their orders. Today's spot cargo transactions showed little improvement compared to yesterday, and market trading was slightly mediocre.