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

Published: Feb 10, 2025 12:01

Save

[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.

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 for 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

1 hour ago

Guangdong Zinc: Zinc Prices Rise, Market Trading Atmosphere Sluggish [SMM Midday Review]

[Guangdong: Zinc Prices Rise, Trading Sluggish] Guangdong 0# zinc traded at 25,035-25,220 yuan/mt, with mainstream brands quoted discounts of 80-60 yuan/mt against the 2609 contract and a discount of 70 yuan/mt against Shanghai spot cargo. Shanghai-Guangdong price spread maintained...

1 hour ago

3 hours ago

Tianjin Zinc: High Zinc Prices Unbearable for Downstream [SMM Midday Review]

[Tianjin Zinc: High Zinc Prices Unbearable for Downstream] In the Tianjin market, mainstream transactions of #0 zinc ingot were at 24,980-25,300 yuan/mt, Zijin transactions were at 25,080-25,360 yuan/mt, #1 zinc ingot transactions were around 24,980-25,220 yuan/mt, Zijin was quoted around a discount of 20 yuan/mt to a premium of 30 yuan/mt against the 2609 contract, Huxin was quoted at 26,480 yuan/mt, #0 zinc ingot was quoted at a discount of 30-120 yuan/mt against the 2609 contract, and the Tianjin market was quoted at a discount of around 110 yuan/mt against Shanghai.

3 hours ago

[SMM Flash] August China Sulphuric Acid Guidance Price Released, Calculated Using SMM Copper Concentrate Index

On August 5, 2026, after communicating with major enterprises and filing with the National Development and Reform Commission, the Sulphuric Acid Association and the Phosphate and Compound Fertilizer Association jointly decided: to ensure fair and relatively stable prices, the "latest copper concentrate TCs" in the original guidance price formula was revised to the "average of the past three months' copper concentrate TCs". After careful consideration, the copper concentrate TCs used in the calculation are based on the SMM Copper Concentrate Index. Calculated based on the new formula, the August smelting sulphuric acid guidance price is 1,555 yuan/mt. Historical guidance prices were May (1,406 yuan/mt), June (1,456 yuan/mt), and July (1,574 yuan/mt).

3 hours ago