Shanghai Zinc: Trader Offers Firm, Premiums Steady MoM[SMM Midday]

Published: Jul 27, 2026 11:47

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[Shanghai Zinc: Trader Offers Firm, Premiums Stable MoM] Today, mainstream transaction prices of #0 zinc were concentrated in the range of 24,760-24,870 yuan/mt, Shuangyan mainstream transactions at 24,900-25,000 yuan/mt, and #1 zinc mainstream transactions at 24,690-24,800 yuan/mt. In early trading, the market quoted premiums of 10-30 yuan/mt against SMM average price for cargoes with invoices dated next month, with no quotes against the futures prices yet...

SMM July 27 News:

Today, #0 zinc mainstream transaction prices were concentrated at 24,760~24,870 yuan/mt. Shuangyan mainstream transactions were at 24,900~25,000 yuan/mt. #1 zinc mainstream transactions were at 24,690~24,800 yuan/mt. In early trading, the market quoted premiums of 10~30 yuan/mt against the SMM average price for cargoes with invoices dated next month, with no quotes against the contract. In the second trading session, common domestic brands were quoted at premiums of 20~30 yuan/mt against the 2608 contract, silver at a premium of 100 yuan/mt against the 2608 contract, and the high-priced brand Shuangyan at a premium of 160 yuan/mt against the 2608 contract. Today, purchasing sentiment for refined zinc in the Shanghai region was 1.9, while shipment sentiment was 2.59. SHFE zinc futures prices rose MoM today, and downstream enterprises' fear of high prices persisted. Spot purchases remained based on rigid demand, with overall transactions showing mediocre performance. However, trader quotes were firm at month-end. Today, spot premium quotes were basically stable MoM.

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