Zinc Price Center Declines Combined With Reduced Spot Supply, Guangdong Premiums Rose This Week [SMM Guangdong Spot Weekly Review]

SMM, January 10: This week, spot premiums in Guangdong rose, up 65 yuan/mt WoW in the weekly average price. As of this Friday, mainstream quotations for 0# zinc in the Guangdong market against the 2502 contract were quoted at premiums of 620~660 yuan/mt, and the Shanghai-Guangdong price spread expanded to 70 yuan/mt. Zinc prices showed an overall downward trend during the week, while Guangdong inventory continued to decline, leading to a relative shortage of spot cargo. Downstream enterprises actively restocked ahead of the holiday, driving spot premiums higher WoW this week. Currently, downstream enterprises in Guangdong are gradually entering the holiday phase, and downstream procurement demand is expected to drop significantly next week, with spot premiums likely to fluctuate downward.

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