Guangdong Zinc: Zinc Price Center Falls and Inventory Drops, Spot Premiums Rise [SMM Midday Review]

Published: Aug 31, 2026 13:22

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[Guangdong: Zinc Price Center Declines and Inventory Falls, Spot Premiums Rise] In Guangdong, mainstream 0# zinc traded at 26,060-26,335 yuan/mt. Mainstream brands were quoted at discounts of 120-60 yuan/mt against the 2610 contract and at a premium of 15 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread widened......

SMM, August 31: 0# zinc in Guangdong traded mainly at 26,060-26,335 yuan/mt. Mainstream brands were quoted at discounts of 120-60 yuan/mt against the 2610 contract and at a premium of 15 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread widened. Today, suppliers quoted discounts of 120-60 yuan/mt for Qilin, Mengzi, Danxia, and Anning. Today, the purchasing sentiment for refined zinc in Guangdong was 1.95, while the sales sentiment was 2.42. Zinc prices moved lower today, and downstream enterprises engaged in some price fixing. At the same time, driven by exports, inventory in Guangdong declined noticeably. Coupled with limited spot circulation of some brands in the market, spot premiums rose.

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