Guangdong Zinc: Zinc price center continues to rise, downstream purchasing activities decrease [SMM Midday Review]

Published: Aug 26, 2026 11:58

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[Guangdong: Zinc Price Center Continued to Rise, Downstream Purchasing Decreased] Guangdong 0# zinc mainly traded at 26,180~26,315 yuan/mt, with major brands quoting a discount of 85~55 yuan/mt against the 2610 contract, a premium of 15 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread widened...

On August 26, SMM reported that Guangdong 0# zinc mainly traded in the range of 26,180-26,315 yuan/mt. Mainstream brands quoted discounts of 85-55 yuan/mt against the 2610 contract, a premium of 15 yuan/mt over the Shanghai spot, and the Shanghai-Guangdong price spread widened. Today, suppliers quoted discounts of 85-55 yuan/mt for Qilin, Mengzi, Danxia, and Anning. Today, the purchase sentiment for refined zinc in Guangdong was 1.71, and the sales sentiment was 2.5. Futures prices fluctuated above 26,000 yuan/mt, and the significant price increase led to limited purchasing activity among downstream enterprises. However, spot supply of some delivery brands in Guangdong has decreased recently, and coupled with the continuously open export window for zinc ingot, traders quoted higher prices, providing some support at the bottom of premiums.

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