Guangdong Zinc: The center of the futures market continues to decline, while market transactions improve slightly [SMM Midday Review]

SMM reported on July 8:

        The mainstream transactions of 0# zinc in Guangdong ranged from 21,865 yuan/mt to 22,075 yuan/mt. Mainstream brands were quoted at a premium of 20 yuan/mt against the 2508 contract, and at a discount of 70 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained unchanged. In the first session, suppliers quoted Qilin, Mengzi, Anning, and Lanxin brands at a premium of 0-40 yuan/mt against the online price. In the second session, Qilin, Anning, and Lanxin brands were quoted at a premium of 0-40 yuan/mt against the online price. Overall, the futures market center continued to decline today. Driven by low prices, the market saw a small amount of restocking at lower levels, with a slight improvement in trading sentiment. Spot premiums/discounts remained unchanged from yesterday.