Spot Zinc Prices in Shanghai to Maintain a Small Premium as the Consumption Continues to Improve

SHANGHAI, Feb 13 (SMM) - Spot zinc prices in Shanghai were generally quoted at premiums of 20-30 yuan/mt over the average SMM zinc price. Spot trading was average early last week when zinc prices fell, and downstream companies purchased on dips after the production resumption. Some traders lowered their quotations to promote the transactions, while some focused on building stocks, and the actual traded prices grew. As of last Friday, premiums stood at 10-30 yuan/mt for regular brands over the SHFE 2303 contract, and at 50-80 yuan/mt for Shuangyan zinc. It is expected that as the consumption continues to improve this week, spot prices in Shanghai will maintain a small premium.