SHFE Zinc Futures Prices Rose Notably, Downstream Users Remained Cautious on the Sidelines amid High Prices [SMM Shanghai Spot Weekly Review]

Published: Aug 14, 2026 15:30

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[SHFE Zinc Futures Prices Rose Notably, Downstream Users Held Off Amid High Prices]: This week, the average spot premium in Shanghai fell 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 20 yuan/mt against the 2609 contract, while the higher-priced brand Shuangyan was quoted at a premium of 150 yuan/mt against the 2609 contract..

SMM, August 14:

This week, the average spot premium in Shanghai fell 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 20 yuan/mt against the 2609 contract, while the higher-priced Shuangyan brand was quoted at a premium of 150 yuan/mt against the 2609 contract. SHFE zinc futures consolidated at highs this week, with the overall price center up notably WoW. In the off-season, downstream enterprises' overall orders remained poor; coupled with persistent fear of high prices, overall buying interest for zinc ingots was weak during the week. Overall spot trades were sluggish; traders struggled to sell, and spot premiums fell over the week. Shanghai spot premiums are expected to remain in the doldrums next week.

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