Shanghai Zinc: Trading Market Continued to Hold Prices Firm, Overall Spot Zinc Transactions Showed No Improvement [SMM Midday Review]

Published: Aug 14, 2026 13:09

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[Shanghai Zinc: Trading Market Continued to Hold Prices Firm, Overall Spot Transactions Showed No Improvement] Today, mainstream transaction prices were mainly as follows: #0 zinc (25,570-25,740 yuan/mt), Shuangyan (25,700-25,870 yuan/mt), and #1 zinc (25,500-25,670 yuan/mt). In early trading, market quotes were at a premium of 50 yuan/mt against the SMM average price, while there were no quotes against the futures contract yet...

SMM News, August 14:

Today, mainstream transaction prices of #0 zinc were concentrated at 25,570~25,740 yuan/mt, Shuangyan was mainly traded at 25,700~25,870 yuan/mt, and #1 zinc was mainly traded at 25,500~25,670 yuan/mt. In early trading, the market was quoted at a premium of 50 yuan/mt against the SMM average price, while no quotes were offered against the futures contract. In the second trading session, ordinary domestic zinc brands were quoted at a premium of 20 yuan/mt against the 2609 contract; Silver was quoted at a premium of 40 yuan/mt against the 2609 contract; high-end brand Shuangyan was quoted at a premium of 150 yuan/mt against the 2609 contract. Today, purchasing sentiment for refined zinc in the Shanghai region was 1.84, while selling sentiment was 2.48. Today, SHFE zinc futures prices maintained a fluctuating trend and did not reach the psychological price levels for downstream enterprises to fix prices. Downstream enterprises remained on the sidelines today. Overall spot trades showed no improvement. Traders in the market made offers and sold cargo in a laid-back manner, and overall spot premiums changed little.

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