Guangdong Zinc: Zinc Price Center Rises, Spot Cargo Trading Sluggish [SMM Midday Review]

Published: Aug 25, 2026 11:42

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[Guangdong: Zinc price center moved higher, spot market trading was sluggish] Guangdong 0# zinc was mainly traded at 25,900–26,005 yuan/mt, with mainstream brands quoting a discount of 120–60 yuan/mt against the 2610 contract, a premium of 10 yuan/mt against Shanghai spot zinc, and the Shanghai-Guangdong price spread remaining...

SMM August 25 News: Guangdong #0 zinc mainly traded at 25,900~26,005 yuan/mt, with mainstream brands quoting a discount of 120~60 yuan/mt against the 2610 contract, a spot premium of 10 yuan/mt over Shanghai, and the Shanghai-Guangdong price spread remained unchanged. Today, suppliers quoted discounts of 120~60 yuan/mt for Qilin, Mengzi, Danxia, Anning, and Feilong. The sentiment for refined zinc procurement in Guangdong was 1.73, and the sales sentiment was 2.55. Futures prices hovered around 26,000 yuan/mt, with downstream buyers showing insufficient purchasing enthusiasm and mostly adopting a wait-and-see approach. Enterprises with procurement needs mainly maintained just-in-time procurement, market transactions were sluggish, and spot premiums lacked upward momentum, remaining flat from yesterday.

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