Weak Market Trading During the Week, Guangdong Premiums Continued to Decline [SMM Guangdong Spot Weekly Review]

Published: Apr 3, 2026 12:39

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[Weak Market Transactions During the Week, Guangdong Spot Premiums Continued to Decline] Zinc prices continued their upward trend this week, while downstream end-users in Guangdong showed weak purchasing interest. Coupled with the successive arrivals of some enterprises' long-term contract cargoes, market trading sentiment was sluggish, and spot premiums continued to decline......

This week, premiums in Guangdong fell by around 10 yuan/mt WoW. As of this Friday, mainstream quotations for 0# zinc in Guangdong were at discounts of 65-35 yuan/mt against market quotations, and the Shanghai-Guangdong price spread narrowed. This week, zinc prices extended their upward trend, while purchase willingness among downstream end-users in Guangdong remained weak. Coupled with the gradual arrival of long-term contract cargoes for some enterprises, market trading sentiment was sluggish, and spot premiums continued to decline. Looking ahead to next week, downstream purchase willingness at current price levels is still low, with enterprises mainly restocking to meet rigid demand. Spot premiums are expected to remain weak and in the doldrums within the discount range.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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