Shanghai Zinc: Increased Market Shipments by Traders, Spot Premiums Decline [SMM Midday Review]

Published: Jan 9, 2025 13:31

Save

[Shanghai Zinc: Increased Market Supply from Traders, Spot Premiums Declined] Today, mainstream transaction prices for 0# zinc were concentrated at 24,725-24,925 yuan/mt, with Shuangyan traded at 24,795-24,975 yuan/mt, and mainstream transaction prices for 1# zinc at 24,655-24,855 yuan/mt. In the early session, the market quoted spot premiums of around 280-300 yuan/mt against the average price, with almost no follow-up offers...

SMM, January 9: Today, the mainstream transaction prices of 0# zinc were concentrated at 24,725-24,925 yuan/mt, with Shuangyan trading at 24,795-24,975 yuan/mt, and the mainstream transaction prices of 1# zinc at 24,655-24,855 yuan/mt. In the early trading session, market premiums over the average price were around 280-300 yuan/mt, with almost no follow-up quotations. During the second trading session, ordinary domestic zinc was quoted at premiums of 850-870 yuan/mt against the 2502 contract, Honglu-V was quoted at a premium of 750 yuan/mt against the 2502 contract, and the high-end brand Shuangyan was quoted at a premium of 920 yuan/mt against the 2502 contract. Some zinc ingots under long-term contracts arrived in Shanghai, and the number of traders offering goods in the market increased today. However, some enterprises continued to hold a bearish outlook, leading to low purchase willingness for spot zinc. Amid sluggish market transactions, some traders lowered their premium quotations. Downstream buyers made just-in-time procurement at lower prices, and overall market transactions were average.

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14