Guangdong Zinc: Futures Market Maintains Fluctuating Trend, Market Transactions Turn Sluggish [SMM Midday Review]

Published: Feb 27, 2025 12:02

Save

[Guangdong Zinc: Futures Maintain Fluctuating Trend, Market Transactions Weaken] SMM February 27: The mainstream transaction price of Guangdong 0# zinc was 23,450-23,565 yuan/mt. Mainstream brands quoted a discount of 25 yuan/mt against the 2504 contract and on par with Shanghai spot. The Shanghai-Guangdong price spread narrowed...

SMM reported on February 27: The mainstream transaction price of 0# zinc in Guangdong was 23,450-23,565 yuan/mt. Mainstream brands quoted a discount of 25 yuan/mt against the 2504 contract and were on par with Shanghai spot. The Shanghai-Guangdong price spread narrowed. In the first trading session, suppliers quoted discounts of 25-5 yuan/mt for Qilin, Mengzi, Huize, Feilong, and Lan zinc. In the second trading session, Qilin and Lan zinc were quoted at a discount of 5 yuan/mt against the online price. Overall, the recent decline in zinc prices improved spot transactions in Guangdong, and downstream buyers restocked at lower prices. Today, market transactions among traders were slightly divided, with some traders showing sentiment to stand firm on quotes, leading to higher spot premiums. As downstream consumption gradually improves, Guangdong premiums and discounts are expected to gradually adjust.

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

10 hours ago

China’s Market Regulator Names Platform Economy, PV, Lithium Batteries, NEVs: Curbing “Involution” Competition

[SMM Flash News] State Administration for Market Regulation: Focus on Preventing and Addressing “Involutionary” Competition in Key Industries and Fields Such as the Platform Economy, PV, Lithium Batteries, and NEVs

10 hours ago

Supply-Side Support Pushed the Zinc Price Center Higher [SMM Weekly Zinc Commentary]

[Support From the Supply Side Pushed the Center of Zinc Prices Higher] The most-traded SHFE zinc 2605 contract opened at 23,320 yuan/mt. In early trading, bears reduced open interest, and SHFE zinc quickly surged to a high of 23,575 yuan/mt. It then dropped back slightly, fluctuating and consolidating around 23,515 yuan/mt, before closing up at 23,540 yuan/mt, up 160 yuan/mt, or 0.68. Trading volume fell to 105,000 lots, and open interest decreased by 5,427 lots to 97,355 lots.

10 hours ago

[SMM Conference] PbZn Conference 2026 Gathers Global Leaders to Navigate Evolving Market Dynamics

On March 27, the 2026 SMM (21st) Lead & Zinc Conference and Industry Expo, organized by SMM, wrapped up successfully at Howard Johnson Agile Plaza in Chengdu, Sichuan!

10 hours ago