Guangdong Zinc: Zinc Price Center Declines, Spot Premiums Edge Up [SMM Midday Commentary]

Published: Aug 10, 2026 11:25

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[Guangdong: Zinc Price Center Shifts Lower, Spot Premiums Edge Up] Guangdong #0 zinc mainly traded at 25,390-25,510 yuan/mt, mainstream brands quoted discounts of 85-65 yuan/mt against the 2609 contract, a discount of 55 yuan/mt against Shanghai spot zinc, and the Shanghai-Guangdong price spread narrowed...

SMM August 10: Guangdong 0# zinc was mainly traded at 25,390-25,510 yuan/mt, with mainstream brands quoted at discounts of 85-65 yuan/mt against the 2609 contract, and at a discount of 55 yuan/mt against Shanghai spot cargoes, narrowing the Shanghai-Guangdong price spread. Today, suppliers quoted Qilin, Mengzi, Anning, Feilong, and Lanzinc at discounts of 85-65 yuan/mt. The purchasing sentiment for refined zinc in Guangdong was 1.98, and the sales sentiment was 2.6. The zinc price center edged lower, and market trading activity recovered slightly. However, as end-use consumption remained in the off-season, actual spot purchases by enterprises showed no significant improvement. Purchases were mainly for rigid restocking after price corrections, with limited increase in overall trading volume. Today, spot premiums strengthened slightly.

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