NewsFlash / Zinc / [SMM Flash News] Guangdong's 0# Zinc Prices Range with Widening Shanghai-Guangdong Spread, Trading Sluggish Ahead of Dragon Boat Festival
[SMM Flash News] Guangdong's 0# Zinc Prices Range with Widening Shanghai-Guangdong Spread, Trading Sluggish Ahead of Dragon Boat Festival
iconMay 30, 2025 16:55
Source:SMM
[SMM Flash News] Today, mainstream transactions of 0# zinc in Guangdong ranged from 22,650 to 22,850 yuan/mt. Mainstream brands were quoted at a premium of 460 yuan/mt against the 2507 contract, and at a discount of 60 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened. As the Dragon Boat Festival holiday approaches, downstream procurement is nearing its end. Coupled with the still relatively high spot premiums and discounts in the market, downstream players are relatively wary of high prices, resulting in a sluggish trading atmosphere. Spot premiums remained unchanged from yesterday.

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