Spot premiums in Shanghai zinc market moved at lows

Mainstream traded prices of #0 zinc were 21720~21940 yuan/mt today, with 21800~22040 yuan/mt for Shuangyan zinc, and 21650~21870 yuan/mt for #1 zinc. The premium fell from 20 yuan/mt to 0 yuan/mt over the average SMM price, with premiums of 380 yuan/mt over the SHFE 2311 zinc contract.

During the second trading session, regular domestic brands were quoted with premiums of 380 yuan/mt over the SHFE 2311 zinc contract. Shuangyan zinc was quoted with premiums of 180~200 yuan/mt over the October contract. As delivery is approaching and cargoes increased, traders increased shipments. However, zinc prices were still at a high level, and downstream orders were generally low. The overall transactions were poor, and premiums continued to fall.