Guangdong Zinc: Weak downstream procurement demand, spot premiums/discounts decline [SMM Midday Review]

Published: Jun 13, 2025 11:59

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[Guangdong Zinc: Weak Downstream Procurement Demand Leads to Lower Spot Premiums/Discounts] The mainstream transaction price of 0# zinc in Guangdong ranged from 22,190 to 22,390 yuan/mt. Mainstream brands were quoted at a premium of 270 yuan/mt against the 2507 contract, and at a premium of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened...

SMM June 13 news:

In Guangdong, the mainstream transaction price of 0# zinc ranged from 22,190 to 22,390 yuan/mt. Mainstream brands were quoted at premiums of 270 yuan/mt against the 2507 contract and at premiums of 30 yuan/mt against spot zinc in Shanghai. The Shanghai-Guangdong price spread widened. In the first instance, suppliers offered premiums of 265 to 300 yuan/mt for Qilin, Mengzi, Anning, and Lanxin brands. In the second instance, Qilin, Mengzi, Anning, and Lanxin brands were quoted at premiums of 265 to 300 yuan/mt against Wangjia. Overall, the futures market fluctuated considerably today. Downstream enterprises had replenished their stocks in the early stage, and the actual demand from end-users was currently moderate. As a result, spot transactions in the market were relatively ordinary, and spot premiums and discounts declined slightly.

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