Guangdong Zinc: Price Center Rises Significantly, Market Trading Atmosphere Quiet [SMM Midday Commentary]

Published: Aug 3, 2026 13:02

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[Guangdong: Price Center Notably Higher; Trading Atmosphere Sluggish] Mainstream #0 zinc in Guangdong was traded at 25,010-25,050 yuan/mt, with mainstream brands quoted at discounts of 120-60 yuan/mt against the 2609 contract, and a discount of 70 yuan/mt against Shanghai spot cargoes. The Shanghai-Guangdong price spread remained...

SMM, August 3 – Guangdong mainstream #0 zinc was traded at 25,010-25,050 yuan/mt, with offers for mainstream brands at a discount of 120-60 yuan/mt against the 2609 contract, and a discount of 70 yuan/mt against Shanghai spot cargo, keeping the Shanghai-Guangdong price spread unchanged. Today, suppliers offered discounts of 120-60 yuan/mt for Qilin, Mengzi, Danxia, Anning, and Feilong brands. The purchasing sentiment for refined zinc in Guangdong was 1.78, and sales sentiment was 2.5. The futures center rose notably, downstream purchasing enthusiasm was low, market trading was sluggish, and spot premiums lacked upward momentum, remaining flat with last Friday.

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