Guangdong Zinc: Price Center Rises, Spot Trading Sluggish [SMM Midday Review]

Published: Jul 27, 2026 13:03

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[Guangdong: Price Center Moves Higher, Spot Transactions Sluggish] Guangdong 0# zinc was mainly traded at 24,720~24,765 yuan/mt, mainstream brand quotations against the 2609 contract were -120~-70 yuan/mt, and at a discount of 55 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened...

SMM July 35: The mainstream transaction price of Guangdong #0 zinc was 24,720~24,765 yuan/mt, mainstream brand quotations against the 2609 contract were at discounts of 120~70 yuan/mt, and at a discount of 55 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened. Today, suppliers' quotations for Qilin, Mengzi, Danxia, and Anning were at discounts of 120~70 yuan/mt. Today, the purchasing sentiment for refined zinc in Guangdong was 1.9, and the selling sentiment was 2.45. Today, the zinc price center moved higher compared with last Friday’s morning session. Market trading was generally weak, and downstream users maintained purchases as needed. Recently, spot circulating supply of some brands has been limited, and traders have quoted higher prices. However, with the current high futures prices, it has been difficult to advance transactions, and the overall demand sentiment has been weak.

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