SHFE zinc futures prices fell significantly, spot cargo turnover improved WoW [SMM Shanghai Spot Weekly Review]

Published: Aug 21, 2026 15:41

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[SHFE Zinc Futures Prices Fell Notably, Spot Trading Improved WoW]: This week, the weekly average spot premium in Shanghai was basically flat WoW. As of this Friday, ordinary domestic brand offered a premium of 20 yuan/mt against the 2609 contract, while high-end brand Shuangyan offered a premium of 150 yuan/mt against the 2609 contract..

SMM August 21 News:

This week, the average spot premium in Shanghai was basically flat WoW. As of this Friday, ordinary domestic brands quoted a premium of 20 yuan/mt against the 2609 contract, while the high-end brand Shuangyan quoted a premium of 150 yuan/mt against the 2609 contract. SHFE zinc futures prices fell first and then rebounded during the week. Mid-week, downstream enterprises actively priced in at lows, leading to relatively good overall spot transaction performance. However, as futures prices rebounded and downstream enterprises had already purchased at lows earlier, with many factories holding a certain amount of raw material inventory, overall spot transactions weakened again at the end of the week. Spot premiums are expected to maintain a fluctuating trend next week.

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