Spot transactions in Shanghai spot zinc market weakened amid high zinc prices

Mainstream traded prices of #0 zinc were 22250~22470 yuan/mt today, with 22370~22570 yuan/mt for Shuangyan zinc, and 22180~22400 yuan/mt for #1 zinc. Spot discounts were 0~10 yuan/mt over the average SMM zinc price. During the second trading session, regular domestic brands were quoted with discounts of 100~120 yuan/mt over the SHFE 2405 zinc contract. Shuangyan zinc was quoted with discounts of 0 yuan/mt over the contract. Zinc prices strengthened again today. Downstream companies have replenished their stocks at yesterday's low prices. As prices rose today, trading weakened.