Galvanizing Slag Quotes in North and East China August 18

[SMM Zinc Morning Comment] Last Friday, the most-traded SHFE zinc 2609 contract opened at 24,785 yuan/mt. In early trading, SHFE zinc dipped to a low of 24,785 yuan/mt, then bulls added positions, driving SHFE zinc to drift higher and touch a high of 24,915 yuan/mt. After the spike, bulls took profits and exited, causing prices to gradually pull back below the daily average line. Near the end of the session, prices stabilized slightly and consolidated, eventually closing up at 24,810 yuan/mt, up 25 yuan/mt or 0.10%. Trading volume increased to 42,647 lots, and open interest rose by 3,089 lots to 111,000 lots.

[SMM Morning Meeting Summary: Market Uncertainty Persists, LME Zinc Records a Long Upper Shadow Bullish Candlestick] Last Friday, LME zinc opened at $3,581.5/mt. In early trading, LME zinc moved sideways around the daily moving average. During European trading hours, it dipped to $3,564/mt before bulls pushed prices higher, surging to a high of $3,616/mt. Approaching the close, the price pulled back and eventually settled higher at $3,587.5/mt, up $7.5/mt or 0.21%. Trading volume fell to 9,144 lots, while open interest increased by 2,551 lots to 251,000 lots.

According to the latest customs data, China exported a total of 6.7066 million mt of galvanized steel sheet during January–June 2026, down 3.13% YoY, while imports totaled 327,500 mt, a 14.78% YoY decline. Overall, although exports softened compared with the same period last year, the decline remained relatively limited, demonstrating the resilience of China's galvanized steel sheet exports.