Guangdong Zinc: Market Activity Picks Up, Spot Premiums/Discounts Rise [SMM Midday Review]

Published: Apr 22, 2025 11:59

Save

Guangdong Zinc: Market Activity Picks Up, Spot Premiums Rise. The mainstream transaction price of Guangdong 0# zinc ranged from 22,520 to 22,830 yuan/mt. The mainstream brands quoted a premium of 445 yuan/mt against the 2506 contract and a premium of 40 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed...

SMM April 22: In Guangdong, the mainstream transaction price of 0# zinc was 22,520-22,830 yuan/mt. The mainstream brands quoted a premium of 445 yuan/mt against the 2506 contract and a premium of 40 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread narrowed. In the first session, suppliers quoted premiums of 445-495 yuan/mt for Kirin, Mengzi, Huize, Feilong, and Lan zinc. In the second session, Mengzi and Lan zinc quoted premiums of 455-475 yuan/mt against the net price. Overall, the futures market's center declined today, downstream purchasing sentiment improved, market trading conditions turned better, and the transaction atmosphere warmed up. Currently, the relatively tight supply of some brands, combined with the decline in the futures market, has driven spot premiums and discounts higher.

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14