Guangdong Zinc: Downstream Gradually Resumes Production, Transactions Slightly Rebounded Today [SMM Midday Review]

Published: Feb 10, 2025 12:01

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[Guangdong Zinc: Downstream Resumption of Work and Production, Slight Recovery in Transactions Today] SMM February 10: The mainstream transaction prices of Guangdong #0 zinc were 23,720-23,910 yuan/mt. Mainstream brands quoted a premium of 15-40 yuan/mt against the 2503 contract and a spot discount of 10 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread narrowed...

SMM February 10 News: Mainstream transactions of Guangdong #0 zinc were at 23,720-23,910 yuan/mt. Mainstream brands quoted a premium of 15-40 yuan/mt against the 2503 contract and a discount of 10 yuan/mt against Shanghai spot cargo, with the Shanghai-Guangdong price spread narrowing. In the first session, suppliers quoted a premium of 15-40 yuan/mt for Qilin, Mengzi, and Lan zinc. In the second session, Qilin quoted a premium of 20-40 yuan/mt against the online price. Overall, Guangdong inventory continued to increase, and downstream enterprises gradually resumed operations. As a result, some traders have been replenishing inventory recently to meet downstream demand. Market transactions improved today, and premiums are expected to rise further as enterprises resume production.

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