Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Continued to Decline [SMM Guangdong Spot Zinc Weekly Review]

Published: Apr 10, 2026 15:15

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[Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Continued to Decline] Zinc prices hovered at highs this week. However, persistently high prices continued to suppress downstream purchase willingness, with enterprises mostly making just-in-time procurement. Combined with relatively ample spot cargo supply in Guangdong, traders continued to lower premiums to facilitate shipments, driving a gradual widening of discounts...

Premiums in Guangdong declined by approximately 25 yuan/mt WoW this week. As of this Friday, mainstream 0# zinc in Guangdong was quoted at premiums of -105~-65 yuan/mt against the market. The Shanghai-Guangdong price spread remained stable. Zinc prices hovered at highs this week; however, persistently high prices continued to suppress downstream purchase willingness, with enterprises mostly making just-in-time procurement. Combined with relatively ample spot zinc supplies in Guangdong, traders continuously lowered premiums to facilitate shipments, driving a gradual widening of discounts. Looking ahead to next week, downstream procurement enthusiasm is expected to remain subdued amid the high zinc price environment. Coupled with the upcoming contract rollover in the Guangdong market, premiums are expected to continue operating in a deep discount range.

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