Shanghai Zinc Ingot Inventory Slightly Destocks, Zinc Ingot Spot Discounts Narrow [SMM Shanghai Spot Weekly Review]

Published: Jun 12, 2026 15:29

Save

[Shanghai zinc ingot inventory slightly destocked, spot zinc discounts narrowed]: This week, spot discounts in Shanghai narrowed, with the weekly average price up 20 yuan/mt WoW. As of Friday this week, ordinary domestic brands were quoted at discounts of 10-0 yuan/mt against the 2607 contract, while the high-priced brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2607 contract.

SMM June 12:

Shanghai spot discounts narrowed this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at discounts of 10-0 yuan/mt against the 2607 contract, while the high-end brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2607 contract. Shanghai zinc ingot inventory saw a slight destocking this week. In the first half of the week, zinc futures prices fluctuated, and downstream enterprises purchased on demand, with overall transactions being mediocre. However, in the second half of the week, zinc prices dropped significantly, prompting downstream enterprises to step up purchases, leading to a WoW improvement in overall transactions. Spot premiums were also raised. It is expected that spot premiums will maintain a fluctuating trend next week.

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.

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

SMM Zinc Ingot Inventory Rises to 265,800 MT Across Seven Locations

[SMM News Flash]SMM learned that as of Monday (June 15), SMM's total zinc ingot inventory across seven locations was 265,800 mt, up 100 mt from June 8 and 1,200 mt from June 11. China's inventory increased.

1 hour ago

Common.Time.hoursAgo

The US and Iran are about to sign a peace agreement, LME zinc stops falling and rebounds [SMM Zinc Morning Meeting Summary]

[SMM Zinc Morning Meeting Minutes: US and Iran About to Sign Peace Agreement, LME Zinc Stops Falling and Rebounds]: Last Friday, LME zinc opened at $3,526.5/mt. After opening, LME zinc briefly maintained a fluctuating trend, during which it dipped to a low of $3,511.5/mt, then started a fluctuating upward trend, touching a high of $3,590.5/mt near the close, finally closing up at $3,583/mt, up $57.5/mt, an increase of 1.63%...

Common.Time.hoursAgo

LME Strength Boosts SHFE, SHFE Zinc Rises in Night Session [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: LME Boosted SHFE Trends, SHFE Zinc Rose in Night Session] Last Friday, the most-traded SHFE zinc 2608 contract opened at 24,500 yuan/mt. After the opening, SHFE zinc hovered at highs. At the beginning of the session, it dipped to a low of 24,490 yuan/mt, then touched a high of 24,690 yuan/mt during the session, and finally closed up at 24,670 yuan/mt, up 275 yuan/mt..

Common.Time.hoursAgo