Guangdong Zinc: Futures Center Moved Higher, Market Transactions Were Sluggish [SMM Midday Commentary]

Published: Aug 17, 2026 12:41

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[Guangdong: Futures Center Rose, Market Trading Was Sluggish] In Guangdong, mainstream transactions of 0# zinc were concluded at 25,685-25,875 yuan/mt. Mainstream brands were quoted at discounts of 90-70 yuan/mt against the 2609 contract, and at discounts of 45 yuan/mt against Shanghai spot cargo, with the Shanghai-Guangdong price spread narrowing......

SMM News on August 17: Mainstream transactions of Guangdong 0# zinc were concluded at 25,685-25,875 yuan/mt. Mainstream brands were quoted at spot discounts of 90-70 yuan/mt against the 2609 contract, and at spot discounts of 45 yuan/mt against Shanghai spot cargo, with the Shanghai-Guangdong price spread narrowing. Today, suppliers offered spot discounts of 90-70 yuan/mt for Qilin, Mengzi, Anning, Feilong, and Lanzinc. Today, refined zinc purchasing sentiment in Guangdong stood at 1.78, while selling sentiment was 2.48. The futures price center moved higher, downstream purchasing enthusiasm turned sluggish, and the market remained largely on the sidelines; spot transactions in Guangdong were sluggish today.

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