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Shanghai Metal Market: Zinc prices fluctuate within range, spot trading is light
Today, Shanghai Metal Market spot prices are between 24,580 and 24,680 yuan/ton, with an average of 24,630 yuan/ton, up 130 yuan/ton from the previous trading day. The Shanghai zinc 2602 contract is trading at a discount of 160 to 60 yuan/ton. This morning, zinc prices continued to fluctuate slightly. By the close of the morning session, the main Shanghai zinc contract rose by 185 yuan/ton, a 0.76% increase.
In the last week before the holiday, downstream and trading companies have gradually started to take vacations, and market inquiry activity has significantly decreased. Today, some stockholders shifted their quotes to next month’s contracts, with a slight monthly discount. Stockholders reported an average net price of around +40, with limited transactions heard. Domestic follow-up trading for the 02 contract is around -40. (SHMET)