Guangdong Zinc: Futures Market Rose Today, Trading Was Sluggish [SMM Midday Review]

Published: Jan 16, 2025 11:58

Save

[Guangdong Zinc: Futures Market Rose Today, Sluggish Market Transactions] SMM, January 16: The mainstream transaction prices of Guangdong #0 zinc were 23,865-24,200 yuan/mt, with mainstream brands quoting a premium of 180-250 yuan/mt against the 2503 contract and a spot discount of 170 yuan/mt against Shanghai. The Shanghai-Guangdong price spread widened. Suppliers initially quoted premiums of 180-210 yuan/mt for Qilin, Mengzi, and Lan zinc...

SMM reported on January 16: The mainstream transaction price of Guangdong #0 zinc was 23,865-24,200 yuan/mt, with mainstream brands quoting a premium of 180-250 yuan/mt against the 2503 contract and a spot discount of 170 yuan/mt against Shanghai. The Shanghai-Guangdong price spread widened. Initially, suppliers quoted premiums of 180-210 yuan/mt for Qilin, Mengzi, and Lan zinc. Today, the Guangdong region underwent a contract rollover, and zinc prices moved higher, leading to weaker downstream procurement. In the second session, premiums for Qilin, Mengzi, and Lan zinc were quoted at 190-250 yuan/mt. Overall, some downstream buyers had already priced in yesterday. The futures market rose today, coupled with many downstream players preparing for holidays, resulting in sluggish transactions. Traders continuously lowered premiums to facilitate sales, causing spot premiums to decline.

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

12 hours ago

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

12 hours ago

Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Remain Stable, End-Use Demand Shows Divergence] In terms of orders, overall demand for rubber-grade zinc oxide remained stable, but some enterprises were relatively cautious about expectations for subsequent demand from tyre factories; orders for major ceramic-grade zinc oxide producers were relatively stable, but affected by the overall weakness in the real estate market, overall demand in the sector was average......

12 hours ago

Data: SHFE, DCE market movement (Mar 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

12 hours ago