Shanghai Zinc: Zinc Futures Prices Consolidate, Spot Trades Remain Sluggish [SMM Midday Review]

Published: Jul 14, 2026 11:31

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[Shanghai Zinc: Futures Zinc Prices Consolidate, Spot Trades Remain Sluggish] Today, #0 zinc mainstream transaction prices were concentrated at 24,595-24,705 yuan/mt, Shuangyan was mainly traded at 24,725-24,825 yuan/mt, and #1 zinc was mainly traded at 24,525-24,635 yuan/mt. In the morning session, market quotes were at premiums of 20-30 yuan/mt against the SMM average price, and no quotes were made against the futures...

SMM July 14: Today, mainstream transaction prices of 0# zinc were concentrated at 24,595~24,705 yuan/mt. Shuangyan was mainly transacted at 24,725~24,825 yuan/mt, and #1 zinc mainstream transaction prices were at 24,525~24,635 yuan/mt. In early trading, quotations against the SMM average price were at premiums of 20~30 yuan/mt, with no quotations against futures yet. In the second trading session, ordinary domestic brand quotations against the 2608 contract were -40 yuan/mt, silver against the 2608 contract was -10 yuan/mt, and the premium brand Shuangyan against the 2608 contract was +100 yuan/mt. Today, the purchase sentiment for refined zinc in Shanghai was 1.9, and the shipment sentiment was 2.65. Today, trader quotations in the Shanghai market were firm. Some suppliers continued to raise spot quotations, but during the morning's mainstream trading session, futures zinc prices consolidated. Downstream enterprise orders were poor, and inquiries and purchases remained sluggish today. Overall spot trades in Shanghai showed no improvement.

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