Shanghai Zinc: Zinc futures prices edged down, some traders raised spot zinc offers [SMM Midday Review]

Published: Jul 13, 2026 11:31

Save

[Shanghai Zinc: Futures Zinc Prices Edge Down, Some Traders Raise Spot Offers] Today, mainstream transaction prices of #0 zinc were concentrated in the range of 24,670-24,795 yuan/mt, Shuangyan mainstream traded at 24,810-24,935 yuan/mt, and #1 zinc mainstream traded at 24,600-24,725 yuan/mt. In early trading, the market quoted a premium of 10-30 yuan/mt against the SMM average price, and there were no quotes against the futures yet...

SMM July 13: Mainstream transaction prices for #0 zinc today were concentrated at 24,670–24,795 yuan/mt, Shuangyan mainly traded at 24,810–24,935 yuan/mt, and #1 zinc mainstream transaction prices were 24,600–24,725 yuan/mt. In the early session, market quotes against the SMM average price were at premiums of 10–30 yuan/mt, with no quotes against futures yet. In the second session, ordinary domestic brands were quoted at discounts of 40 yuan/mt against the 2608 contract, Baiyin at discounts of 20 yuan/mt against the 2608 contract, and the high-end brand Shuangyan at premiums of 100 yuan/mt against the 2608 contract. Refined zinc buying sentiment in the Shanghai region stood at 1.92 today, while selling sentiment was 2.57. Zinc futures edged lower in the morning; some traders raised their spot quotes, but overall zinc prices had not yet fallen to downstream enterprises’ psychological price levels. Downstream enterprises remained largely on the sidelines, and amid weak off-season orders, overall transactions performed modestly today.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Ningbo Zinc: Typhoon impacted zinc ingot arrivals, market traders offered few quotes [SMM Midday Review]

[Ningbo Zinc: Typhoon Affects Zinc Ingot Arrivals, Traders Offer Few Quotes] In the Ningbo market, the transaction price of mainstream brand #0 zinc was around 24,710–24,815 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 15 yuan/mt against the 2608 contract and a premium of 40 yuan/mt against the Shanghai spot zinc price. Mainstream quotes in the Ningbo area were primarily against the 2608 contract.

1 hour ago

Tianjin Zinc: Futures Consolidate at Highs, Downstream Purchasing Enthusiasm Low [SMM Midday Commentary]

[Tianjin Zinc: Futures Consolidate at Highs, Downstream Purchasing Interest Low] In the Tianjin market, #0 zinc ingots were mainly traded at 24,580-24,770 yuan/mt, Zijin traded at 24,710-24,850 yuan/mt, and #1 zinc ingots traded around 24,590-24,720 yuan/mt. Zijin was quoted at a premium of around 0-20 yuan/mt against the 2608 contract, Huxin quoted at 25,880 yuan/mt, #0 zinc ingots were quoted at a discount of around 60-130 yuan/mt against the 2608 contract, and the Tianjin market quoted a discount of around 50 yuan/mt against the Shanghai market.

1 hour ago

Common.Time.hoursAgo

SMM Flash: Zinc Ingot Inventory Rises to 269,000 mt Across Seven Areas Monitored by SMM

【SMM Flash】As SMM learned, as of this Monday (July 13), total zinc ingot inventory across seven areas tracked by SMM stood at 269,000 mt, up 3,200 mt from July 6 and 4,200 mt from July 9.

Common.Time.hoursAgo