Guangdong Zinc: Today’s Guangdong Contract Rollover Quotes, Spot Transactions Remained Ordinary [SMM Midday Review]

Published: Jul 16, 2026 13:06

Save

[Guangdong: Guangdong’s contract rollover quotes today, spot transactions remained ordinary] Guangdong 0# zinc was mainly traded at 24,440-24,570 yuan/mt, mainstream brands were quoted at a discount of 145-125 yuan/mt against the 2608 contract and at a discount of 70 yuan/mt against Shanghai spot zinc, with the Shanghai-Guangdong price spread widening...

SMM, July 16 – Guangdong #0 zinc traded mainly at yuan 24,440-24,570/mt. Mainstream brands were quoted at discounts of yuan 145-125/mt against the 2608 contract and a discount of yuan 70/mt against spot Shanghai, widening the Shanghai-Guangdong price spread. Suppliers offered discounts of yuan 105-85/mt for the Qilin, Mengzi, Huize, Danxia, Anning, and Feilong brands. Today, Guangdong's refined zinc purchase willingness was 1.98, and sales sentiment was 2.55. Guangdong shifted its quotes to the 2609 contract today due to contract rollover. Although the futures center pulled back somewhat today, overall end-use demand remained sluggish. Some downstream enterprises had relatively ample inventories, leading to weak purchase willingness. The market mainly consumed its own inventories, and premiums consolidated at lows.

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

Common.Time.minsAgo

Peru's Zinc Concentrate Output Drops 4.8% MoM, 13.6% YoY in May 2026

[Peru Zinc Concentrate Production] According to Peru's Mining Statistical Bulletin, the country's zinc concentrate production totaled 104,700 metric tons in May 2026, down 4.8% month-on-month and 13.6% year-on-year. Cumulative production for January–May 2026 reached 542,500 metric tons, representing a 6.5% decline compared with the same period last year.

Common.Time.minsAgo

Ningbo Zinc Market Sees Firm Quotes but Low Trading Activity Amid High SHFE Prices

[Ningbo Refined Zinc Market] According to market sources, traders in the Ningbo market have maintained firm quotations in recent weeks. However, with SHFE zinc prices remaining elevated and downstream orders staying weak during the seasonal demand lull, buyers have shown limited interest in purchasing zinc ingots. Overall, spot trading activity has remained subdued.

Common.Time.minsAgo

Shanghai Refined Zinc Inventories High, Spot Premiums Rise Amid Favorable Local and Export Margins

[Shanghai Refined Zinc Market] According to market sources, refined zinc inventories in Shanghai have remained at relatively high levels recently. However, favorable margins in the local invoice market, combined with the reopening of the export arbitrage window, have strengthened traders' willingness to hold firm on prices. As a result, spot premiums for refined zinc in the Shanghai market have continued to rise.

Common.Time.minsAgo