Zinc in Shanghai Market: Spot Premiums Fell Slightly with Thin Transactions

Published: May 23, 2022 14:59

Source: SMM

Save

Spot prices of zinc 0# in Shanghai market stood at 25,500-25,620 yuan/mt, Shuangyan at 25,560-25,670 yuan/mt.

SHANHAI, May 23(SMM) - Spot prices of zinc 0# in Shanghai market stood at 25,500-25,620 yuan/mt, Shuangyan at 25,560-25,670 yuan/mt. Zinc 0# regular brand with premiums of 50-60 yuan/mt over the June contract, Shuangyan at 110-120 yuan/mt. Zinc 1# mainstream prices stood at 25,430-25,550 yuan/mt. Zinc prices moved rangebound. The market mainly sold cargoes and some holders lowered spot premiums. Spot premiums stood at 50-60 yuan/mt over SHFE zinc 2206 contract and quoted at 15-10 yuan/mt over the average price. In the second trading session, holders of regular brands of zinc ingots quoted at premiums of 50-60 yuan/mt over the June contract. Overall, the market mainly sold cargoes today. Holders lowered the spot premiums with poor transactions. But more traders received goods compared to last week and the spot discounts to narrowed over the average price with modest transactions.

Spot

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

How Should Zinc Consumption Be Viewed Against the Backdrop of Geopolitical Conflicts?

[How Should Zinc Consumption Be Viewed Against the Backdrop of Geopolitical Conflicts?] Q1 2026 had passed, and the overall recovery in post-holiday consumption was somewhat delayed. How would consumption perform going forward?

10 hours ago

11 hours ago

Southwest China Mine Sets Lower Zinc Concentrate Tender Price for April

[Zinc Concentrate Tender] According to SMM, a mine in Southwest China recently set the April tender price for zinc concentrates at nearly 1,400 yuan/mt in metal content, self pick-up at the mine, down by no more than 100 yuan/mt in metal content MoM. SMM will continue to monitor subsequent changes in TCs.

11 hours ago

12 hours ago

LME Zinc Cancelled Warrants Increased Significantly

On April 2, 2026, LME zinc inventory fell by 275 mt to 113,950 mt, down 0.24%, while cancelled warrants surged by 26,925 mt, up 301.87%, bringing the overall cancelled warrant ratio to 23.63%. Warehouse data showed that the increases were mainly concentrated in Singapore and Kaohsiung. Current overall zinc inventory remained at a relatively low level, while LME Cash-3M maintained a mild contango structure, so attention should be paid to subsequent actual inventory changes and structural risks.

12 hours ago