Guangdong Zinc: Market Transactions Moderate Premiums and Discounts Continue to Rise [SMM Midday Review]

Published: Mar 20, 2025 12:05

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【Guangdong Zinc: Moderate Market Transactions, Premiums and Discounts Continue to Rise】SMM March 20 News: Guangdong 0# zinc mainly traded at 23,625~23,925 yuan/mt. Mainstream brands quoted a discount of 5 yuan/mt against the 2505 contract and a discount of 40 yuan/mt against Shanghai spot aluminum, with the Shanghai-Guangdong price spread widening...

SMM March 20 Update: Guangdong 0# zinc mainly traded at 23,625 to 23,925 yuan/mt. Mainstream brands quoted a discount of 5 yuan/mt against the 2505 contract and a discount of 40 yuan/mt against Shanghai spot, with the Shanghai-Guangdong price spread widening. In the first session, suppliers quoted discounts of 10 to premiums of 25 yuan/mt for Qilin, Mengzi, Huize, Danxia, and Lanxin. In the second session, Qilin and Lanxin were quoted at premiums of 5 to 25 yuan/mt against the online price. Overall, the futures market saw a slight decline compared to yesterday, with more inquiries from downstream buyers. However, due to higher market quotes, a wait-and-see sentiment also emerged. Traders slightly lowered their premiums to facilitate sales. Some end-users took advantage of lower prices to purchase, and overall trading activity remained relatively active.

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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