Guangdong Zinc: Futures Center Pulls Back Slightly, Spot Premiums Edge Up [SMM Midday Comment]

Published: Jul 17, 2026 11:32

Save

[Guangdong: Futures Center Pulls Back Slightly, Spot Premiums Edge Up] Guangdong 0# zinc mainstream transactions concluded at 24,360-24,580 yuan/mt, with mainstream brands quoted at discounts of 140-120 yuan/mt against the 2608 contract, and at a discount of 70 yuan/mt against Shanghai spot zinc, with the Shanghai-Guangdong price spread maintaining...

SMM July 17 news: Guangdong #0 zinc was mainly traded at 24,360-24,580 yuan/mt, with mainstream brands quoted at discounts of 140-120 yuan/mt against the 2608 contract, and at a discount of 70 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained stable. Today, suppliers quoted discounts of 140-120 yuan/mt for Qilin, Mengzi, Anning, and Feilong. The purchasing sentiment for refined zinc in Guangdong was 2.11, and the selling sentiment was 2.54. A slight pullback in the futures center, coupled with the approaching weekend, prompted some small end-user purchases, which pushed up spot premiums in Guangdong slightly.

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.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for 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

1 hour ago

Shanghai Zinc: Sentiment of Holding Prices Firm Continued in the Market Today, with Some Suppliers Continuing to Raise Premiums [SMM Midday Review]

[Shanghai Zinc: Market Price-Holding Sentiment Persisted Today, Some Suppliers Continued to Raise Premiums] Today, mainstream transaction prices for #0 zinc were concentrated at 24,580-24,790 yuan/mt, Shuangyan mainstream transactions were concluded at 24,670-24,900 yuan/mt, and #1 zinc mainstream transactions were at 24,510-24,720 yuan/mt. In early trading, premiums against the SMM average price were quoted at 40-60 yuan/mt, with no quotes against the contract for now...

1 hour ago

Ningbo Zinc: Market Traders' Quotations Rise, Downstream Enterprises Purchase as Needed [SMM Midday Review]

[Ningbo Zinc: Trader Offers Rise, Downstream Enterprises Purchase as Needed] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,580-24,760 yuan/mt. The Ningbo regular brand was quoted at a premium of 10 yuan/mt against the 2608 contract and 20 yuan/mt against Shanghai spot zinc. Mainstream quotes in Ningbo were against the 2608 contract.

1 hour ago

Tianjin Zinc: Futures Pull Back Slightly; Downstream Restocking on Rigid Demand [SMM Midday Review]

[Tianjin Zinc: Futures Pull Back Slightly, Downstream Restocking on Just Demand] In Tianjin market, mainstream #0 zinc ingot was traded at 24,380-24,670 yuan/mt, Zijin was traded at 24,500-24,700 yuan/mt, #1 zinc ingot was traded around 24,380-24,590 yuan/mt. Zijin was quoted at parity against the 2608 contract, Huzinc was quoted at 25,745 yuan/mt, #0 zinc ingot was quoted at a discount of 30-120 yuan/mt against the 2608 contract, and Tianjin market was quoted at a discount of 85 yuan/mt against Shanghai market.

1 hour ago