#0 zinc in Guangdong was traded at 20485~20565 yuan/mt today. Mainstream brands were quoted with discounts of 40~65 yuan/mt over SHFE 2404 zinc contract, with discounts of 30 yuan/mt against Shanghai prices. During the first trading session, cargo holders quoted a discount of 20 to 30 yuan/ton for brands such as Qilin, Huize and Mengzi. As contract prices pulled back, traders raised prices. The market generally quoted a discount of 20 yuan/ton. The transaction was not ideal; in the second period, Qilin, Mengzi, etc. offered a discount of 55~65 yuan/ton to the market. The market weakened and pulled back. As delivery was approaching, traders were not willing to adjust prices and shipped goods.



