Guangdong zinc: Zinc prices continue to rise, trading in Guangdong is poor [SMM midday commentary]

Published: Sep 1, 2026 11:40

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[Guangdong: Zinc prices continue to rise, transactions in Guangdong are poor] Guangdong 0# zinc was mainly traded at 26,870-27,070 yuan/mt, mainstream brands were quoted at a discount of 90-80 yuan/mt against the 2610 contract, a premium of 20 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread widened...

SMM, September 1: Mainstream traded prices for 0# zinc in Guangdong were 26,870-27,070 yuan/mt. Mainstream brands were quoted at a discount of 90-80 yuan/mt against the 2610 contract, a premium of 20 yuan/mt against Shanghai spot cargo, and the Shanghai-Guangdong price spread widened. Today, suppliers quoted Mengzi, Danxia, Anning, and Lan zinc at a discount of 90-80 yuan/mt. Today, the purchasing sentiment for refined zinc in Guangdong was 1.6, and the selling sentiment was 2.3. Today, the zinc price center kept rising, with futures moving above 27,000 yuan/mt. After the price increase, fear of high prices in the market intensified, traders' willingness to sell narrowed, downstream enterprises made almost no purchases, spot market trading was sluggish, and overall transactions were poor.

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