On August 21, SMM reported: Guangdong 0# zinc mainstream transactions were at 25,495-25,675 yuan/mt, with mainstream brands quoting discounts of 130-85 yuan/mt against the 2610 contract, a discount of 15 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread narrowed. Today, suppliers offered discounts of 130-85 yuan/mt for Qiling, Mengzi, Danxia, Anning, and Feilong. In Guangdong, the refined zinc procurement sentiment was 1.85, and the sales sentiment was 2.5. Zinc prices rose significantly today, leading to a growing wait-and-see sentiment among downstream enterprises, a slowdown in procurement pace, weaker spot transactions, and declining spot premiums.
