SMM Flash News: Guangdong Zinc Premiums Plummet by 190 Yuan/mt WoW Amid Weak Trading Sentiment

Published: May 16, 2025 18:34

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[SMM Flash News] This week, premiums and discounts in Guangdong plummeted, decreasing by 190 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 255~275 yuan/mt over the market, and the Shanghai-Guangdong price spread widened. This week, the center of zinc prices continued to rise, with downstream sentiment showing fear of high prices. Coupled with the fact that spot premiums/discounts remained at a relatively high level, enterprises' purchase willingness continued to weaken. Some enterprises that had taken advantage of low prices in the early period picked up goods successively this week. Meanwhile, many enterprises in the market also focused on consuming their original inventory during the week. Therefore, amid weak trading, spot premiums/discounts in Guangdong continued to decline during the week.

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