Guangdong Zinc: Market Trading Sentiment Maintains, Spot Premiums Rise [SMM Midday Review]

Published: Mar 19, 2025 11:57

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[Guangdong Zinc: Market Trading Sentiment Maintains, Spot Premiums and Discounts Rise] SMM March 19 News: Mainstream transactions of Guangdong 0# zinc were at 23,750-23,885 yuan/mt, with mainstream brands quoting a discount of 15 yuan/mt against the 2505 contract and a discount of 20 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread remains...

SMM March 19: Guangdong #0 zinc was mainly traded at 23,750-23,885 yuan/mt, with mainstream brands quoted at a discount of 15 yuan/mt against the 2505 contract and a discount of 20 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread remained stable. In the first trading session, suppliers quoted discounts of 15 yuan/mt to premiums of 5 yuan/mt for Qilin, Mengzi, Danxia, and Lan zinc. In the second trading session, Qilin, Huize, and Lan zinc were quoted at discounts of 15 yuan/mt to premiums of 5 yuan/mt against the online price. Overall, the price spread between futures contracts narrowed today, while zinc prices maintained a fluctuating trend. Some downstream buyers opted for small-scale purchases at current price levels, leading to a slight improvement in market trading sentiment. Spot premiums rose, but trading activity in the second session slightly weakened.

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.

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