SMM Flash News: Guangdong Zinc Premiums Rise, Market Concerns Over Spot Supply

Published: May 30, 2025 16:49

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[SMM Flash News] This week, premiums and discounts in Guangdong rose, increasing by approximately 105 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 500~560 yuan/mt against the market, and the Shanghai-Guangdong price spread widened. The center of zinc prices rose slightly WoW this week. Most downstream enterprises continued to adopt a wait-and-see attitude, implementing small-scale procurement and continuously depleting their inventory for long-term contracts. Meanwhile, influenced by the news of extended maintenance at smelters in South China during the week, the market was relatively concerned about subsequent spot supply. Under these circumstances, traders were reluctant to sell spot cargo, and reluctance to budge on prices grew stronger, pushing up the spot premiums/discounts in Guangdong.

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