Zinc Downstream Enterprises Mostly on the Sidelines, Spot Trades Sluggish During the Week [SMM Shanghai Spot Weekly Review]

Published: May 15, 2026 14:16

Save

[Downstream Zinc Enterprises Mostly on the Sidelines, Spot Trades Sluggish During the Week]: Spot premiums in Shanghai declined WoW this week, but the overall weekly average price rose 10 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 0-50 yuan/mt against the 2606 contract, while the premium brand Shuangyan was quoted at a premium of 100-120 yuan/mt against the 2606 contract.

SMM May 15 update: Spot premiums in Shanghai declined WoW this week, but the overall weekly average price rose 10 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 0-50 yuan/mt against the 2606 contract, while the premium brand Shuangyan was quoted at a premium of 100-120 yuan/mt against the 2606 contract. Zinc futures prices rose consecutively this week, and downstream enterprises in east China continued to stay on the sidelines. Overall spot trades were sluggish, and traders kept lowering spot quotes to facilitate shipments. However, zinc futures prices declined toward the end of the week, prompting some downstream enterprises to purchase spot cargoes, leading to a slight improvement in spot transactions. Bill settlement issues continued to affect traders' shipments, and spot premiums are expected to remain firm next week.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 mins ago

High Prices Weigh on Downstream Demand, Downstream Consumption Lacks Highlights [SMM Zinc Oxide Weekly Review]

[High Prices Weighed on Downstream Demand; Downstream Consumption Lacked Highlights] Operating rates this week were basically flat compared with last week, with large enterprises maintaining relatively stable operations overall. Some small enterprises planned to ramp up production in May, driving a slight increase in production. Current actual market consumption showed mediocre performance, with no significant improvement in orders across various sectors...

5 mins ago

6 mins ago

Continuous Supply Disruptions Outside China Drive Sustained Rally in SHFE and LME Zinc Prices [SMM Market Review - Zinc Price Weekly Comment]

[Continuous Overseas Supply Disruptions Drive SHFE and LME Zinc Prices Higher] At the beginning of the week, LME zinc continued the fluctuating trend from last week; subsequently, zinc prices edged down as the U.S.-Iran peace agreement was not reached; however, the ongoing fermentation of Peru's energy emergency decree drove a broad rally in non-ferrous metals, and LME zinc rebounded; immediately after, Zazzinc's lead-zinc mine in Kazakhstan reduced its operating load following an accident, and LME zinc continued to surge......

6 mins ago

1 hour ago

Tight Domestic Ore Market Persists, Zinc Concentrate TCs Continue to Decline [SMM Zinc Concentrates Weekly Review]

[Domestic Ore Market Tightness Persists, Zinc Concentrate TCs Continue to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 150 yuan/mt Zn WoW to 550 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $8.45/dmt WoW to -$54.2/dmt.

1 hour ago