SMM

Today, the mainstream transaction prices for #0 zinc were concentrated at 25,390-25,515 yuan/mt, Shuangyan traded at 25,600-25,715 yuan/mt, and the mainstream transaction prices for #1 zinc were at 25,320-25,445 yuan/mt. In the early trading session, the market average discount was around 0-10 yuan/mt, with few quotes based on the futures market. In the second trading session, ordinary domestic brands were at premiums of 270-280 yuan/mt against the 2412 contract, high-end brand Shuangyan was quoted at a premium of 480 yuan/mt against the 2412 contract, Honglu-v at a premium of 260 yuan/mt against the 2412 contract, and Huize at a premium of 440 yuan/mt against the 2412 contract. After delivery, warehouse warrants entered the market, increasing the overall supply in Shanghai today. Additionally, with a significant rise in the futures market, traders proactively lowered spot premiums. However, downstream buyers' sentiment of fear towards high prices resurfaced, resulting in poor spot transactions today.