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Shanghai Metal Market: Zinc prices are trending stronger, downstream buyers are purchasing as needed
Today, Shanghai Metal Market spot zinc is at 24,080-24,180 yuan/ton, with an average price of 24,130 yuan/ton, up 130 yuan/ton from the previous trading day, and the SHFE zinc 2605 contract is quoted at a discount of 190-90 yuan/ton. Zinc prices remain relatively strong, with the main SHFE zinc contract closing up 30 yuan/ton, a 0.12% increase. Today’s spot trading was moderate, with zinc prices maintaining high levels; aside from just-in-time consumption, downstream buyers are generally cautious, and sellers’ quotes have loosened slightly, with the average market price during trading reported at +20 to +30 yuan, while domestic zinc ingots follow the trend at around -70 yuan. (SHMET)