Guangdong Zinc: Spot Zinc Transactions Average, Guangdong Premiums Unchanged [SMM Midday Review]

Published: Aug 14, 2026 11:47

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[Guangdong: Spot Trading Ordinary, Guangdong Premiums Unchanged] Guangdong #0 zinc was mainly traded at 25,475-25,605 yuan/mt. Mainstream brands were quoted at discounts of 115-75 yuan/mt against the 2609 contract, and at a discount of 55 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread widened......

SMM, August 14: Guangdong 0# zinc was mainly traded at 25,475-25,605 yuan/mt. Mainstream brands were quoted at discounts of 115-75 yuan/mt against the 2609 contract and at a discount of 55 yuan/mt against Shanghai spot; the Shanghai-Guangdong price spread widened. Today, suppliers offered Qilin, Mengzi, Anning, Feilong, and Lan Zinc at discounts of 115-75 yuan/mt. In Guangdong today, refined zinc procurement sentiment was 1.93 and sales sentiment was 2.55. At this point, zinc prices were still consolidating at highs. Downstream enterprises with procurement demand continued to make just-in-time procurement, while enterprises with relatively ample inventory mainly stayed on the sidelines for the time being. Overall, high prices still weighed on market transactions, and Guangdong spot premiums were unchanged from yesterday.

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