Guangdong Zinc: Zinc Price Center Declines, Spot Premiums Rise [SMM Midday Review]

Published: Nov 04, 2026 11:59 (GMT+8)

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[Guangdong: Zinc price center declined, spot premiums rose] Guangdong 0# zinc was mainly traded at 25,585-25,880 yuan/mt, with mainstream brands quoted at premiums of 15-45 yuan/mt against the 2612 contract and a premium of 15 yuan/mt against Shanghai spot cargo...

SMM, November 4: Guangdong 0# zinc was mainly traded at 25,585-25,880 yuan/mt, with mainstream brands quoted at premiums of 15-45 yuan/mt against the 2612 contract and a premium of 15 yuan/mt against Shanghai spot. Today, suppliers quoted 15-45 yuan/mt for Qilin, Mengzi, Danxia, and Anning brands. Refined zinc purchase sentiment in Guangdong was 1.99, and sales sentiment was 2.50. Zinc price center moved lower; some end-users made point-price purchases yesterday and bought on rigid demand this morning. Mainstream brand quotes were basically stable from yesterday, and low inventory in Guangdong supported spot premiums.

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