Guangdong Zinc Market: Discounts Narrow Again 

Mainstream transaction prices for Guangdong 0# zinc were 24,140-24,225 yuan/mt, with mainstream brands quoting discounts of 0-25 yuan/mt against the 2407 contract and premiums of 20 yuan/mt against Shanghai spot prices. In the first trading period, sellers quoted premiums of 0-25 yuan/mt for brands like Qilin, Huize, and Mengzi; in the second trading period, Qilin and Mengzi were quoted premiums of 0-20 yuan/mt against the 2407 contract, while Lanxin zinc had no quotes. Today's market remained rangebound, with discounts narrowing again. Some traders have started quoting premiums, downstream buyers were cautious, sellers raised prices, and overall market trading was quiet.