Guangdong Zinc: Market Transactions Weaken, Spot Premiums Decline [SMM Midday Review]

Published: Mar 14, 2025 11:56

Save

[Guangdong Zinc: Market Transactions Weaken, Spot Premiums Decline] SMM March 14 News: The mainstream transaction price of Guangdong 0# zinc was 24,095-24,255 yuan/mt. Mainstream brands quoted a discount of 25 yuan/mt against the 2504 contract and a discount of 10 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened...

SMM March 14 News:

The mainstream transaction price of Guangdong #0 zinc was 24,095-24,255 yuan/mt, with mainstream brands quoting a discount of 25 yuan/mt against the 2504 contract and a discount of 10 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened. In the first trading session, suppliers quoted discounts of 40-0 yuan/mt for Qilin, Mengzi, Huize, Feilong, and Lan zinc. In the second trading session, Qilin, Mengzi, and Lan zinc were quoted at discounts of 30-10 yuan/mt against the online price. Overall, zinc prices rose today, and downstream buyers showed resistance to high prices, with most spot transactions occurring between traders. Some market traders continuously lowered premiums to facilitate sales, while others maintained a strong sentiment to stand firm on quotes, showing low willingness to sell at discounts. Under high prices and weak transactions, spot premiums declined.

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

LME drives SHFE zinc to continue rising [SMM zinc morning comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2610 contract opened at 27,690 yuan/mt. In early trading, SHFE zinc edged down to a low of 27,615 yuan/mt. Subsequently, bulls added positions, and SHFE zinc drifted higher, reaching a high of 27,835 yuan/mt near the close, ultimately settling up at 27,820 yuan/mt, up 82 yuan/mt, or 0.31%. Trading volume decreased to 80,202 lots, while open interest rose by 303 lots to 158,000 lots.

1 hour ago

US Dollar Extends Decline, Boosting LME Zinc [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: Consecutive Decline in US Dollar Boosts LME Zinc Rise] Overnight LME zinc opened at $4,012/mt, initially consolidating along the daily average line. During European trading hours, it dipped to a low of $3,990/mt, then bulls added positions, driving LME zinc higher. Near the close, it touched a high of $4,065/mt, finally settling up at $4,064/mt, up $43/mt, or 1.07%. Trading volume fell to 13,305 lots, while open interest increased by 1,267 lots to 264,000 lots.

1 hour ago

16 hours ago

High Zinc Prices Suppress Spot Market, Guangdong Trading Quiet Amid Weak Demand

[SMM Flash]: High zinc prices continue to suppress spot market consumption. Spot trading in Guangdong remained quiet today. Galvanizing plants and zinc die-casting alloy producers showed weak purchasing appetite amid elevated prices. End-user traditional hardware component manufacturers are also significantly squeezed by high raw material costs. Market sources noted these factories are facing certain risks of production cuts or suspensions.

16 hours ago