SMM Flash News: Guangdong Zinc Premiums Edge Up Slightly Amid Fluctuating Prices and Supply Tightness

Published: May 23, 2025 18:11

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[SMM Flash News] This week, premiums and discounts in Guangdong region edged up slightly, rising by approximately 15 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 350~390 yuan/mt against the market. The Shanghai-Guangdong price spread narrowed. This week, zinc prices maintained a fluctuating trend. Early in the week, the center of zinc prices declined slightly, with downstream buyers showing high purchasing sentiment. Subsequently, although zinc prices rose, spot trades remained active due to the bullish outlook on zinc prices among some downstream buyers. Meanwhile, some brands in the Guangdong market had fewer arrivals this week. Under such circumstances, traders offered higher premiums and discounts, driving the increase in premiums this week. Trading sentiment in the market waned towards the end of the week, with spot premiums edging down slightly. With the gradual resumption of production at smelters, it is expected that premiums and discounts in Guangdong may edge down slightly next week.

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