Guangdong Zinc: Limited Spot Zinc in the Market, Overall Transactions Average [SMM Midday Review]

SMM January 6 News: Guangdong 0# zinc traded mainly at 24,955-25,205 yuan/mt, with mainstream brands quoting a premium of 560-630 yuan/mt against the 2502 contract and a spot discount of 10 yuan/mt against Shanghai. The contract price spread narrowed. In the first session, suppliers quoted a premium of 560-580 yuan/mt for Qilin, Mengzi, and Lan zinc. Zinc prices pulled back today, while inventory continued to decline, prompting traders to raise premiums for sales. In the second session, Qilin was quoted at a premium of 630 yuan/mt against the online price. Overall, zinc prices centered lower today, but spot cargoes were relatively scarce, and overall transactions were relatively moderate.