Guangdong Zinc: Zinc Prices Rise, Market Trading Atmosphere Sluggish [SMM Midday Review]

Published: Aug 5, 2026 13:07

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[Guangdong: Zinc Prices Rise, Trading Sluggish] Guangdong 0# zinc traded at 25,035-25,220 yuan/mt, with mainstream brands quoted discounts of 80-60 yuan/mt against the 2609 contract and a discount of 70 yuan/mt against Shanghai spot cargo. Shanghai-Guangdong price spread maintained...

SMM August 5 news: Guangdong #0 zinc was traded at 25,035-25,220 yuan/mt. Mainstream brands quoted discounts of 80-60 yuan/mt against the 2609 contract, and a discount of 70 yuan/mt against spot Shanghai, with the Shanghai-Guangdong price spread remaining stable. Today, suppliers quoted discounts of 80-60 yuan/mt for Qilin, Mengzi, Anning, and Lan zinc. The purchase sentiment for refined zinc in Guangdong was 1.75, and the sales sentiment was 2.64. Futures rose, and downstream fear of high prices intensified, with purchases mostly maintaining small-volume restocking for rigid demand. Meanwhile, some producers had ample inventory, coupled with weak end-use consumption, which jointly suppressed market purchases. Spot premiums lacked upward momentum.

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