Guangdong Zinc: Zinc Price Center Dips, Traders’ Quotations Edge Up [SMM Midday Review]

Published: Jul 20, 2026 13:02

Save

[Guangdong: Zinc Price Center Moved Lower, Traders’ Offers Edged Up] In Guangdong, 0# zinc mainstream traded at 24,260-24,460 yuan/mt. Mainstream brands offered at discounts of 120-100 yuan/mt against the 2609 contract and at a discount of 80 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread widened...

SMM, July 20: Guangdong 0# zinc was mainly traded at 24,260-24,460 yuan/mt, with mainstream brands quoted at discounts of 120-100 yuan/mt against the 2609 contract, and at a discount of 80 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened. Today, suppliers quoted discounts of 120-100 yuan/mt for Qilin, Mengzi, Anning, and Feilong. The purchase sentiment for refined zinc in Guangdong was 2.16, and the sales sentiment was 2.53. Last Friday, prices at night session dropped, and point-price transactions in the market increased. Today, the center of the futures market fluctuated around 24,450 yuan/mt, traders' offers rose, and there was some just-in-time procurement in the market. However, due to relatively ordinary end-use consumption, market activity did not improve significantly, and spot premiums only edged up.

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

12 hours ago

[SMM Flash]June 2026 China Sulphur & Sulphuric Acid Trade Summary

In June 2026, China's total sulphur imports amounted to approximately 195,000 metric tons (mt), down 27.3% month-on-month and down 81.1% year-on-year, originated primarily from Canada, South Korea, Japan, the UAE, Brunei, Singapore, and Kazakhstan. China's total sulphur exports amounted to approximately 238 mt, down 56.5% month-on-month, with major destinations including Myanmar, Indonesia, Vietnam, and North Korea. China's total sulphuric acid imports amounted to approximately 3,000 mt (reference value, subject to final customs data), sourced primarily from Taiwan, China, South Korea, Japan, Germany, and the United States. China's total sulphuric acid exports amounted to approximately 16,000 mt, down 84.5% month-on-month and down 96.0% year-on-year, with major destinations including Indonesia, Vietnam, Thailand, Cambodia, Tanzania, and Togo.

12 hours ago

13 hours ago

[SMM Analysis] Three Charts Illustrating China's Sulphur and Sulphuric Acid Customs Import and Export in H1 2026

Focused on H1-2026 customs data — a cliff in sulfur imports with a reshuffled source mix; acid exports collapsing under the export ban. Three charts decode the shifts in volume, source and momentum.

13 hours ago

16 hours ago

Data: SHFE, DCE market movement (Jul 20)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 20 Jul , 2026

16 hours ago