Guangdong Zinc: Affected by high futures prices, Guangdong premiums fell today [SMM Midday Review]

Published: Aug 7, 2026 13:01

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[Guangdong: Spot premiums and discounts moved lower today due to suppression from high futures prices] In Guangdong, #0 zinc mainstream transactions were at 25,785-25,930 yuan/mt, mainstream brands were quoted at discounts of 90-70 yuan/mt against the 2609 contract, at a discount of 60 yuan/mt against spot zinc in Shanghai, and the Shanghai-Guangdong price spread widened...

SMM August 7 News: Guangdong 0# zinc was mainly traded at 25,785~25,930 yuan/mt, with mainstream brands offered at discounts of 90~70 yuan/mt against the 2609 contract and at a discount of 60 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread widened. Today, suppliers offered discounts of 90~70 yuan/mt for Qilin, Mengzi, Anning, and Lanzinc. The procurement sentiment for refined zinc in Guangdong was 1.7, and the sales sentiment was 2.65. Zinc prices continued to rise, putting considerable pressure on downstream procurement. The market trading atmosphere was subdued, and end-user enterprises with procurement needs mostly made just-in-time procurement. Under the pressure of high prices, spot premiums declined today.

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