Guangdong Zinc: Downstream buying sentiment remains low, spot premiums/discounts continue to decline [SMM Midday Review]

Published: Jun 9, 2025 11:46

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[Guangdong Zinc: Low Buying Sentiment in Downstream, Spot Premiums/Discounts Continue to Decline] The mainstream transactions of 0# zinc in Guangdong were concluded at 22,465-22,605 yuan/mt. Mainstream brands offered premiums of 245-270 yuan/mt against the 2507 contract, and discounts of 30 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed...

SMM June 9 report:

In Guangdong, the mainstream transactions for 0# zinc were concluded at 22,465-22,605 yuan/mt. Mainstream brands were quoted at premiums of 245-270 yuan/mt against the 2507 contract, and at discounts of 30 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread narrowed. In the first period, suppliers quoted premiums of 255-270 yuan/mt for Qilin, Mengzi, Feilong, and Lanxin brands. In the second period, Qilin, Mengzi, Anning, and Lanxin brands were quoted at premiums of 245-270 yuan/mt against the online price. Overall, there are currently many trading companies selling in the Guangdong market, and the available spot cargo is in a relatively loose state. However, downstream buying sentiment is weak, and spot premiums/discounts continued to decline today.

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.

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