Zinc trading in Guangdong was sluggish, with premiums and discounts declining.

Published: Jun 19, 2025 13:20

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[SMM Flash News] Today, mainstream transactions of 0# zinc in Guangdong were concluded at 21,895-22,115 yuan/mt. Mainstream brands were quoted at a premium of 305 yuan/mt against the 2508 contract, and at a discount of 20 yuan/mt against spot cargo in Shanghai. The Shanghai-Guangdong price spread widened. Currently, downstream demand in Guangdong is relatively weak, and spot premiums/discounts have fallen sharply. Although the decline in the futures market today prompted some downstream players to restock in small quantities at lower prices, overall spot transactions in the market remained relatively lackluster. Based on the current situation, it is expected that premiums and discounts in Guangdong will continue to decline.

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