Market Transactions Improve, Spot Premiums Rise [SMM Guangdong Spot Weekly Review]

게시됨: Mar 7, 2025 15:58
[Market Transactions Improved, Spot Premiums Rose] This week, spot premiums and discounts in the Guangdong region increased, up 25 yuan/mt WoW. As of this Friday, mainstream quotations for 0# zinc in the Guangdong market were quoted at discounts of 15 to premiums of 15 yuan/mt. The Shanghai-Guangdong price spread narrowed to 0 yuan/mt...
SMM March 7 News: This week, spot premiums in Guangdong rose, up by 25 yuan/mt WoW. As of this Friday, mainstream 0# zinc quotations in the Guangdong market were quoted at premiums of -15~+15 yuan/mt. The Shanghai-Guangdong price spread narrowed to 0 yuan/mt. Driven by the Two Sessions, zinc prices saw a slight upward shift in the center this week. With the resumption of operations by end-user enterprises and the gradual improvement in downstream demand, spot trades became more active this week, and premiums and discounts also increased WoW. According to SMM data, Guangdong's social inventory as of this Friday decreased compared to the beginning of the week and remained relatively low YoY. Meanwhile, due to the higher prices of long-term contracts signed this year, some traders showed strong sentiment to stand firm on quotes. Supported by positive domestic macro factors, zinc prices are expected to hover at highs next week, and spot premiums are likely to rise slightly amid the improving end-use demand.                                                                                                                                                 》Click to View the SMM Metal Industry Chain Database

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Market Transactions Improve, Spot Premiums Rise [SMM Guangdong Spot Weekly Review] - Shanghai Metals Market (SMM)