Spot Premiums For Zinc In Shanghai Dropped Amid Poor Trading

SHANGHAI, Sep 5 (SMM) - Mainstream traded prices of #0 zinc were 21510-21690 yuan/mt today, with 21550-21760 yuan/mt for Shuangyan zinc, and 21440-21620 yuan/mt for #1 zinc. The average premium fell from 60 yuan/mt to 10-20 yuan/mt.

During the second trading session, regular domestic brands were quoted with premiums of 300-310 yuan/mt over the SHFE 2310 zinc contract. Shuangyan zinc was quoted with premiums of 340-380 yuan/mt over the contract. Imported zinc ingots continued to impact the domestic market. South Korean brands were sold with discounts against the SHFE 2309 contract, and downstream purchases were cautious.