Market arrivals were limited, and spot premiums/discounts rose. [SMM Guangdong Spot Weekly Review]

SMM April 25 News: This week, the premiums and discounts in Guangdong rose by around 95 yuan/mt WoW. As of this Friday, the mainstream 0# zinc quotations in Guangdong were at premiums of 480~520 yuan/mt against the market, and the Shanghai-Guangdong price spread widened to 60 yuan/mt. The futures market center generally moved upward this week. Some downstream players made just-in-time procurement in the face of high prices, while some companies, having previously locked in prices at lower levels, mainly focused on cargo pick-up recently. However, the recent arrivals in Guangdong decreased, and social inventory continued to decline. Under these circumstances, traders raised premiums and discounts, holding back sales, which drove premiums and discounts to hover at highs this week. Next week is expected to enter the Labour Day holiday, but with the current high premiums, downstream players are generally making just-in-time procurement, and premiums and discounts are expected to continue fluctuating at highs.

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