Guangdong Zinc: zinc prices continued to rise, market transactions were difficult [SMM Midday Review]

Published: Aug 6, 2026 13:29

Save

[Guangdong: Zinc Prices Continue to Rise, Transactions Difficult] Guangdong 0# zinc traded at 25,520-25,615 yuan/mt, with mainstream brands offering quotes at a discount of 90-60 yuan/mt against the 2609 contract, and a discount of 50 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed...

SMM, August 6 – Guangdong #0 zinc was traded at 25,520-25,615 yuan/mt. Mainstream brands offered discounts of 90-60 yuan/mt against the 2609 contract, a discount of 50 yuan/mt against Shanghai spot zinc, and the Shanghai-Guangdong price spread narrowed. Today, suppliers quoted discounts of 90-60 yuan/mt for Qilin, Mengzi, Anning, and Lan zinc brands. The purchasing sentiment for refined zinc in Guangdong was 1.7, and the sales sentiment was 2.68. The significant rise in futures led to extremely low downstream inquiry willingness. Downstream procurement enthusiasm was suppressed by high prices and remained sluggish. Although traders’ quotations remained firm today, actual transactions were difficult.

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

1 hour ago

Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]

[Ningbo Zinc: Downstream Enterprises Cautious on High Prices, Spot Transactions Weak] Ningbo market mainstream brand #0 zinc transaction price was around 25,610-25,705 yuan/mt, while Ningbo conventional brands quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against Shanghai spot zinc, with Ningbo mainstream brands mainly quoting against the 2609 contract..

1 hour ago

Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]

[Shanghai Zinc: Futures Prices Rose Significantly, Overall Market Trading Sluggish] Today, #0 zinc mainstream transaction prices concentrated in the range of 25,590-25,715 yuan/mt, Shuangyan mainly traded at 25,720-25,885 yuan/mt, and #1 zinc mainstream traded at 25,520-25,645 yuan/mt. In early trading, the market offered a premium of 30-40 yuan/mt against the SMM average price, with no quotes against the futures contract...

1 hour ago

3 hours ago

Tianjin Zinc: High Zinc Prices, Market Relatively Quiet [SMM Midday Review]

[Tianjin Zinc: High Zinc Prices, Market Quiet] In the Tianjin market, #0 zinc ingot mainstream transactions were at 25,460-25,680 yuan/mt, Zijin transactions were at 25,580-25,750 yuan/mt, #1 zinc ingot transactions were near 25,460-25,590 yuan/mt. Zijin was quoted at a premium of 0-50 yuan/mt against the 2609 contract, Huzinc was quoted at 26,940 yuan/mt, and #0 zinc ingot was quoted at a discount of 20-120 yuan/mt against the 2609 contract. Tianjin market was quoted at a discount of 90 yuan/mt against Shanghai market.

3 hours ago