Guangdong Zinc: Zinc Price Center Moves Higher, Guangdong Premiums Decline [SMM Midday Review]

Published: Aug 12, 2026 11:49

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[Guangdong: Zinc Price Center Moves Up, Guangdong Premiums and Discounts Decline] The mainstream traded price for Guangdong #0 zinc settled at 25,510-25,675 yuan/mt. Mainstream brands were quoted at discounts of 100-70 yuan/mt against the 2609 contract, and a discount of 50 yuan/mt against spot Shanghai zinc. The Shanghai-Guangdong price spread remained...

SMM August 12 News: Guangdong #0 zinc mainstream transaction was at 25,510-25,675 yuan/mt. Mainstream brands quoted discounts of 100-70 yuan/mt against the 2609 contract, with a discount of 50 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained unchanged. Today, suppliers quoted discounts of 100-70 yuan/mt for Qilin, Mengzi, Danxia, Anning, Feilong, and Lanzinc. Today, the purchasing sentiment for refined zinc in Guangdong was 1.9, and the sales sentiment was 2.59. The zinc price center rose, with downstream purchasing enthusiasm subdued. End-user enterprises with procurement needs maintained just-in-time procurement, while those with ample in-factory inventory showed low purchasing enthusiasm. High prices and weak demand continuously weighed on spot premiums, which consolidated at lows.

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