Guangdong Contract Rollover Quotes: Spot Premiums Declined [SMM Guangdong Spot Weekly Review]

Published: May 22, 2026 15:41

Save

[Guangdong Contract Rollover Quotes, Spot Premiums Declined] Contract rollover quotes in the Guangdong region drove the center of spot premiums lower during the week. Arrivals were relatively low this week, and in addition, bill-related factors constrained spot cargo circulation, with traders maintaining relatively firm quotes...

Premiums in Guangdong declined by approximately 25 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 45-30 yuan/mt against the market price, with the Shanghai-Guangdong price spread remaining stable. During the week, contract rollover pricing in Guangdong drove the premium center downward. Arrivals were relatively low this week, and additionally, bill-related factors constrained spot cargo circulation, with traders maintaining firm offers. However, futures fluctuated at highs, and end-users were gradually entering the consumption off-season, leaving discounts lacking upward support. Premiums in Guangdong are expected to remain within the discount range next week.

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

16 mins ago

Zinc Slag Payables Edge Down, How Will They Move Going Forward? [SMM Analysis]

According to SMM, zinc slag payables pulled back slightly but remained at highs seen in recent years. What were the reasons? How will they trend going forward?

16 mins ago

1 hour ago

Data: SHFE, DCE market movement (May 22)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 May , 2026

1 hour ago

Weak Order Demand in Some Sectors, Zinc Oxide Production Starts Decline [SMM Zinc Oxide Weekly Review]

[Weak Order Demand in Some Sectors, Zinc Oxide Operating Rates Declined] The industry's operating rates pulled back WoW this week. Dragged down by weak end-use demand, some enterprises slowed down their production pace, and capacity release contracted somewhat......

1 hour ago