Guangdong Zinc: The market price fell, but did not stimulate demand in South China [SMM Review]

On May 8, the mainstream traded price of 0# zinc in Guangdong was 23,045-23,365 yuan/ton. The mainstream brands saw a discount of 100-105 yuan/ton against the 2406 contract and a discount of 10 yuan/ton against the Shanghai spot. The price difference between Shanghai and Guangdong zinc has changed. In the morning, downstream purchasing enthusiasm was poor. In the second trading period, Qilin, Mengzi and others were at a discount of 100-105 yuan/ton against the market. The market price fell, but did not stimulate demand. Downstream purchase was still mainly driven by rigid demand. Overall, transactions were poorer than yesterday.