Affected by Lower Premiums and Discounts at the Beginning of the Week, Premiums and Discounts Declined This Week [SMM Guangdong Spot Weekly Review]

게시됨: Mar 21, 2025 15:13
[Influenced by Lower Premiums and Discounts at the Beginning of the Week, Premiums and Discounts Declined This Week] Spot premiums/discounts in Guangdong region fell WoW, dropping 15 yuan/mt. By Friday of this week, mainstream 0# zinc quotations in the Guangdong market were -5~+20 yuan/mt. The Shanghai-Guangdong price spread narrowed to 10 yuan/mt...
SMM March 21 News: This week, spot premiums and discounts in the Guangdong region declined, falling WoW by 15 yuan/mt. As of Friday, the mainstream 0# zinc quotations in the Guangdong market were at a discount of 5~premium of 20 yuan/mt. The Shanghai-Guangdong price spread narrowed to 10 yuan/mt. At the beginning of the week, zinc prices continued to fluctuate at highs from last week. Coupled with weaker actual consumption demand in some sectors of downstream enterprises, the overall trading atmosphere was sluggish. Under weak transactions, traders continuously lowered spot premiums. Subsequently, as futures declined, market transactions improved, with more downstream entities pricing and restocking in small quantities when prices were low, leading to a slight increase in spot premiums and discounts. With downstream entities having already conducted some restocking, zinc prices may maintain a fluctuating trend in the short term, and it is expected that spot premiums and discounts will continue to fluctuate.

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