Guangdong Zinc: Overall Transactions Moderate, Spot Premiums/Discounts Unchanged [SMM Midday Review]

Published: Apr 1, 2025 12:00

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Guangdong Zinc: Overall transactions were moderate, spot premiums/discounts remained flat. The mainstream transaction price of Guangdong 0# zinc was 23,450-23,660 yuan/mt. The mainstream brands quoted a premium of 5 yuan/mt against the 2505 contract and 30 yuan/mt against Shanghai spot pig iron. The Shanghai-Guangdong price spread remained...

SMM April 1: The mainstream transaction price of 0# zinc in Guangdong was 23,450-23,660 yuan/mt. The mainstream brands quoted a premium of 5 yuan/mt against the 2505 contract and a premium of 30 yuan/mt against Shanghai spot pig iron. The Shanghai-Guangdong price spread remained unchanged. In the first session, suppliers quoted premiums of 0-35 yuan/mt for Qilin, Mengzi, Huize, Feilong, and Lanzinc. In the second session, Qilin and Lanzinc quoted premiums of 5-25 yuan/mt against the net price. Overall, the futures market maintained a fluctuating trend in the first session, with downstream acceptance of the current price being relatively high and a strong market investment atmosphere. In the second session, the futures market experienced a slight upward trend, and the number of traders selling in the market decreased. Today's market transactions performed moderately, and spot premiums/discounts remained unchanged from yesterday.

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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