#0 zinc in Guangdong was traded at 21885~22130 yuan/mt today. Mainstream brands were quoted with premiums of 460~480 yuan/mt over SHFE 2311 zinc contract, with discounts of 40 yuan/mt against Shanghai prices.
In the first trading session, Qilin and Mengzi zinc was quoted with discounts of 20-40 yuan/mt. Traders sold aggressively, lowering spot premiums rapidly. In the second period, Qilin, Mengzi zinc were offered with premiums of about 460-480 yuan/mt. Sellers actively shipped goods, and the premiums continued to fall. Downstream buying interest picked up, but the purchasing was quiet due to market pessimism.
