Shanghai Zinc: Futures market declined significantly, premium struggled to rise [SMM Midday Review]
[Shanghai Zinc: Futures Market Declines Significantly, Premiums Struggle to Rise]: Today, the mainstream transaction prices for 0# zinc were concentrated in the range of 22,025-22,255 yuan/mt, with Shuangyan zinc trading at 22,045-22,275 yuan/mt, and 1# zinc trading at 21,955-22,185 yuan/mt. In the morning session, the market offered premiums of 50-70 yuan/mt against the SMM average price, with fewer quotes against the futures market...
Ningbo Zinc: Abundant Market Supply, Premium Remains Stable [SMM Midday Review]
[Ningbo Zinc: Ample Supply in Market, Premiums Remain Stable] The transaction price of mainstream 0# zinc brands in the Ningbo market ranged around 21,965-22,165 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 90 yuan/mt against the 2508 contract, at parity with Shanghai spot cargo. Mainstream offers in the Ningbo region were mainly quoted against the 2508 contract...