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Shanghai Metal Market: Zinc prices fluctuate and rise, spot transactions are moderate
Today, Shanghai Metal Network spot price is 0#锌23780-23880元/吨，均价23830元/吨，较上一交易日上涨300元/吨，对沪锌2604合约报贴水110-贴水10元/吨；1#23710-23810 yuan/ton, with an average of 23,760 yuan/ton, up 300 yuan/ton from the previous trading day. For the Shanghai zinc 2604 contract, it is quoted at a -180 yuan/ton discount to a -80 yuan/ton discount (yuan/ton). In the early session, zinc prices maintained a relatively strong trend. As of the close for the morning session, the main Shanghai zinc contract rose 245 yuan/ton, up 1.04%. Today’s spot market transactions were moderate. Higher zinc prices suppressed consumption; downstream just-in-demand consumption was hard to boost spot prices. During the session, holders quoted the network’s average at around +20, while domestic prices quoted around -70. (SHMET)