June 11 spot price of zinc SMM

As of 15:00 today, the Shanghai zinc main contract 2610 closed at RMB 26,240/ton, with zinc prices fluctuating at high levels. According to SMM data, the spot premium‑discount in Guangdong has moved between ‑140 yuan/ton and ‑80 yuan/ton so far this month, staying within a discount range. Regional social inventory stood at 29,000 tons as of August 26. How will Guangdong spot premium‑discount evolve going forward? This report first analyzes the current market conditions in Guangdong.

[Guangdong Zinc Ingot Spot Under Long-Short Power Game: When Will the Discount Consolidation Pattern Break] As of 15:00 today, the most-traded SHFE zinc 2610 contract closed at 26,240 yuan/mt, with zinc prices fluctuating at high levels. Meanwhile, according to SMM data, as of today, Guangdong spot premiums have been operating at a discount of 140-80 yuan/mt within the month, maintaining an overall discount range consolidation trend. Regional inventory stood at 29,000 mt (August 26). How will Guangdong premiums develop thereafter? First, we analyze the overall situation of the current Guangdong market.

[Penoles Discloses Q2 2026 Report] Penoles released its Q2 2026 production data. For the zinc mine segment, its zinc concentrates production in the quarter was 68,700 mt, up 14% YoY, mainly benefiting from higher ore grades at Fresnillo, Juanicipio and Sabinas. For the zinc smelting segment, its zinc production in the quarter was 35,500 mt, up 14.7% YoY, mainly due to planned major maintenance shutdown during the quarter.