Shanghai Metals Market: Zinc prices fluctuate within a range, downstream consumption is moderate.

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Today, Shanghai Metal Network spot 0#锌24370-24470元/吨,均价24420元/吨,较上一交易日上涨110元/吨,对沪锌2608合约报贴水110-贴水10元/吨;1# is priced at 24,300-24,400 yuan/ton, with an average price of 24,350 yuan/ton, up 110 yuan/ton from the previous trading day, and a discount of 180-80 yuan/ton relative to the Shanghai Zinc 2608 contract. The U.S. dollar index has fallen, zinc concentrate supply is tight, and zinc prices maintain a volatile and strong trend. At the morning close, the main Shanghai Zinc contract rose by 235 yuan/ton, an increase of 0.97%. Today, the zinc market saw limited changes, with zinc prices fluctuating. Downstream maintained procurement based on rigid demand, overall transaction volume was average, and holders reported around +10 relative to the average price, with domestic products maintaining a discount of about 60 relative to the 08 contract. (SHMET)
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