Guangdong Zinc Market: Poor Trading amid Upward Trend in SHFE Zinc

The mainstream transaction price of Guangdong 0# zinc was 24,375-24,595 yuan/mt, with mainstream brands quoting a discount of 150-160 yuan/mt against the SHFE 2407 contract and a premium of 20 yuan/mt to Shanghai spot prices, with the price spread between Shanghai and Guangdong remaining stable. Initially, sellers quoted a premium of 10-20 yuan/mt for brands like Qilin, Huize, and Mengzi; later, Qilin and Mengzi brands quoted a discount of 150-160 yuan/mt. Some transactions were between traders, and downstream orders were below expectations. With high zinc prices, the overall trading remained poor.