Enterprises Bought the Dip During the Week, Guangdong Premiums and Discounts Slightly Rose [SMM Guangdong Spot Cargo Weekly Review]

Published: Nov 14, 2025 16:07

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[Buying the Dip by Enterprises During the Week, Guangdong Premiums and Discounts Rose Slightly] This week, spot premiums/discounts in the Guangdong area increased by about 20 yuan/mt WoW. As of Friday, mainstream 0# zinc was quoted at a discount of 80-40 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed...

Spot premiums/discounts in Guangdong rose by about 20 yuan/mt WoW. By Friday, the mainstream #0 zinc was quoted at a discount of 80-40 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed. High zinc prices at the beginning of the week dampened downstream purchase willingness, resulting in sluggish market trading and keeping premiums/discounts under pressure. As zinc prices pulled back towards the weekend, downstream demand for point pricing at lows increased, leading to a slight narrowing of spot discounts. Although some traders showed sentiment to hold prices firm, overall consumption showed mediocre performance, and premiums/discounts are expected to have limited upside room. Guangdong premiums/discounts are projected to maintain a fluctuating trend next week.

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.

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