Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Continued to Decline [SMM Guangdong Spot Zinc Weekly Review]

Published: Apr 10, 2026 15:15

Save

[Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Continued to Decline] Zinc prices hovered at highs this week. However, persistently high prices continued to suppress downstream purchase willingness, with enterprises mostly making just-in-time procurement. Combined with relatively ample spot cargo supply in Guangdong, traders continued to lower premiums to facilitate shipments, driving a gradual widening of discounts...

Premiums in Guangdong declined by approximately 25 yuan/mt WoW this week. As of this Friday, mainstream 0# zinc in Guangdong was quoted at premiums of -105~-65 yuan/mt against the market. The Shanghai-Guangdong price spread remained stable. Zinc prices hovered at highs this week; however, persistently high prices continued to suppress downstream purchase willingness, with enterprises mostly making just-in-time procurement. Combined with relatively ample spot zinc supplies in Guangdong, traders continuously lowered premiums to facilitate shipments, driving a gradual widening of discounts. Looking ahead to next week, downstream procurement enthusiasm is expected to remain subdued amid the high zinc price environment. Coupled with the upcoming contract rollover in the Guangdong market, premiums are expected to continue operating in a deep 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 to learn 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

17 mins ago

Peru's Zinc Concentrates Output Rises 1.3% MoM in Feb 2026, Down 2.7% YoY

[Peru Zinc Concentrates Production] According to data from Peru's mining statistical bulletin, Peru's zinc concentrates production in February 2026 was 108,300 mt, up 1.3% MoM and down 2.7% YoY. Total zinc concentrates production from January to February 2026 was 213,600 mt, up 0.8% YoY on a cumulative basis.

17 mins ago

1 hour ago

Data: SHFE, DCE market movement (Apr 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 10 Apr , 2026

1 hour ago

Macro Sentiment Fluctuated Back and Forth, SHFE and LME Centers Moved Higher [SMM Market Review - Weekly Price Review]

[Macro Sentiment Pulled Back and Forth, SHFE and LME Centers Moved Higher] LME zinc was closed at the beginning of the week due to the Easter holiday. After the holiday, it briefly continued the fluctuating trend from the previous week. Then, as tensions in the Middle East eased, macro sentiment improved somewhat, and LME zinc saw some rise. However, the market still carried a certain wait-and-see sentiment, and prices pulled back somewhat......

1 hour ago