SMM Flash News: Guangdong Zinc Premiums Rise, Market Concerns Over Spot Supply

Published: May 30, 2025 16:49

Save

[SMM Flash News] This week, premiums and discounts in Guangdong rose, increasing by approximately 105 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 500~560 yuan/mt against the market, and the Shanghai-Guangdong price spread widened. The center of zinc prices rose slightly WoW this week. Most downstream enterprises continued to adopt a wait-and-see attitude, implementing small-scale procurement and continuously depleting their inventory for long-term contracts. Meanwhile, influenced by the news of extended maintenance at smelters in South China during the week, the market was relatively concerned about subsequent spot supply. Under these circumstances, traders were reluctant to sell spot cargo, and reluctance to budge on prices grew stronger, pushing up the spot premiums/discounts in Guangdong.

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