Guangdong Zinc: Sluggish Trading, Premiums Dropped Today [SMM Midday Review]

Published: Jul 10, 2026 13:03

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[Guangdong Zinc: Market Trading Sluggish, Premiums Edged Lower Today] Guangdong 0# zinc mostly traded at 24,755-24,895 yuan/mt, with mainstream brands quoting discounts of 100-80 yuan/mt against the 2608 contract and a discount of 30 yuan/mt against Shanghai spot zinc, while the Shanghai-Guangdong price spread widened...

SMM, July 10: Mainstream #0 zinc in Guangdong was traded at 24,755-24,895 yuan/mt, with mainstream brands offered at discounts of 100-80 yuan/mt against the 2608 contract and a discount of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened. Suppliers quoted discounts of 100-80 yuan/mt for Qilin, Mengzi, and Anning. Refined zinc purchase sentiment in Guangdong stood at 1.88 and sales sentiment at 2.55. Rising futures prices dampened market trading sentiment, leaving overall transactions sluggish. High prices weakened downstream purchase willingness; most traders held ample spot and in-factory inventory and showed no intention to purchase for the time being. Trading atmosphere was thin, and spot premiums declined.

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