During the Week, Downstream Purchasing Enthusiasm Was Insufficient, and Guangdong Spot Premiums Gradually Declined [SMM Guangdong Spot Weekly Review]

Published: Jul 3, 2026 16:19

Save

[Downstream Purchasing Interest Tepid During the Week as Guangdong Spot Premiums Trended Lower] This week, premiums in Guangdong rose 20 yuan/mt WoW. As of Friday, mainstream #0 zinc in Guangdong was quoted at discounts of 70-100 yuan/mt against the market, and the Shanghai-Guangdong price spread widened......

Guangdong spot premiums rose 20 yuan/mt WoW this week. As of this Friday, mainstream #0 zinc in Guangdong was quoted at discounts of 100-70 yuan/mt against the market, and the Shanghai-Guangdong price spread widened. Late last week, falling prices drove premiums higher, but zinc prices started to rebound this week, weakening the purchasing enthusiasm of downstream enterprises, causing spot premiums to gradually fall. Looking ahead to next week, Guangdong spot supply is sufficient. Downstream enterprises have already priced at low levels earlier, and long-term contract deliveries have arrived at the beginning of the month, so enterprises hold some inventory. Amid high-level consolidation of zinc prices, premiums are expected to continue fluctuating within the discount range.

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

Common.Time.minsAgo

Northwest China Zinc Smelter to Undergo 10-Day Maintenance in July

According to SMM, a zinc smelter in northwest China will undergo routine maintenance for 10 days in July, with an estimated impact of around 1,000 mt.

Common.Time.minsAgo

Zinc Concentrate TCs Continue to Pull Back, Zinc Prices Maintain a Fluctuating Trend [SMM Zinc Futures Briefing]

[TCs Continue to Pull Back, Zinc Prices Maintain Fluctuating Trend] The most-traded SHFE zinc 2608 contract opened at 24,215 yuan/mt, then dipped to 24,180 yuan/mt during the session. Subsequently, bears reduced positions, pushing prices higher to touch 24,430 yuan/mt. However, bulls then cut positions, causing prices to pull back and fluctuate around a center of 24,315 yuan/mt. The contract eventually closed up at 24,295 yuan/mt, a gain of 85 yuan/mt, or 0.35%. Trading volume increased to 63,712 lots, while open interest decreased by 2,246 lots to 90,310 lots...

Common.Time.minsAgo

Xuzhou RITMAN Intelligent Technology Co., Ltd. looks forward to seeing you at the 2026 SMM Zinc Conference

Common.Time.minsAgo