Sellers in Guangdong Lowered Spot Zinc Prices

#0 zinc in Guangdong was traded at 21785~21090 yuan/mt today. Mainstream brands were quoted with premiums of 265~275 yuan/mt over SHFE 2311 zinc contract, with discounts of 170 yuan/mt against Shanghai prices.

In the first trading session, Qilin, Huize and Mengzi zinc was quoted with discounts of 40-45 yuan/mt. Sellers continued to adjust prices, lowering spot premiums rapidly. In the second period, Qilin and Mengzi zinc were offered with premiums of 265-275 yuan/mt. The transaction volume of small orders was quiet.