SMM Flash News: Guangdong 0# Zinc Transactions Concluded, Premiums Decline Amid Weak Demand

Published: Jun 17, 2025 16:19
[SMM Flash News] Today, mainstream transactions of 0# zinc in Guangdong were concluded at RMB 21,950-22,115/mt. Mainstream brands were quoted at a premium of RMB 400/mt against the 2508 contract and a premium of RMB 10/mt against spot cargo in Shanghai, with the Shanghai-Guangdong price spread remaining stable. Overall, affected by the current weakening downstream demand, traders faced difficulties in selling their cargo, and the quoted premiums and discounts continued to decline. Meanwhile, due to the slight increase in the futures market today and the market's expectation of a loose supply of spot cargo in the future, there were many traders selling their cargo in the market. Today, the Guangdong market saw contract rollover quotes, with the contract changing from the 2507 contract to the 2508 contract.

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