Guangdong zinc: Spot transactions weaken, Guangdong zinc premiums edge down [SMM midday comment]

Published: Oct 15, 2026 11:58 (GMT+8)

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[Guangdong: Spot Transactions Weaken, Guangdong Zinc Premiums Edge Down] Guangdong 0# zinc was mainly traded at 25,545-25,645 yuan/mt, with mainstream brands quoted at a discount of 10 yuan/mt to a premium of 20 yuan/mt against the 2611 contract, and at a discount of 55 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened...

SMM, October 15: Guangdong 0# zinc mainly traded at 25,545-25,645 yuan/mt, with mainstream brands quoted at a discount of 10 yuan/mt to a premium of 20 yuan/mt against the 2611 contract, and at a discount of 55 yuan/mt against Shanghai spot, widening the Shanghai-Guangdong price spread. Today, suppliers quoted brands such as Qilin, Mengzi, Anning, Feilong, and Lanxin at a discount of 10 yuan/mt to a premium of 20 yuan/mt. In Guangdong, refined zinc purchasing sentiment was 2, and sales sentiment was 2.58. The zinc price center pulled back slightly, but downstream maintained some bearish sentiment, and with enterprises having already made point-price purchases recently, trader shipments weakened today, leaving Guangdong spot transactions relatively muted.

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