Zinc Prices Fluctuated at Highs, Guangdong Spot Premiums Fell This Week [SMM Guangdong Spot Weekly Review]

Published: Jun 5, 2026 16:18

Save

[Zinc Price Fluctuates at Highs, Guangdong Premiums Fall This Week] This week, Guangdong premiums fell WoW by 15 yuan/mt. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90-60 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

This week, premiums in Guangdong fell by 15 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90 to 60 yuan/mt against the market, and the Shanghai-Guangdong price spread remained stable. During the week, zinc prices fluctuated at high levels. Downstream buyers were cautious in procurement due to high prices, end-users entered the consumption off-season, and amid high prices, enterprises mainly consumed inventory and executed long-term contracts, with low enthusiasm for sporadic purchases. Spot premiums lacked sufficient bottom support. Although recent arrivals in Guangdong were limited, the market still had a certain amount of spot circulation. Amid mediocre demand, premiums are expected to continue fluctuating at a discount 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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Silver Bow Mining Acquires Montana Metallurgical Complex with Two Processing Circuits

On August 24, Silver Bow Mining Corp. announced that it had entered into a definitive asset purchase agreement with Montana Goldfields, Inc. and Montana Tunnels Mining, Inc. to acquire an integrated metallurgical complex in Jefferson County, Montana. The complex includes two separate mineral processing circuits, as well as the historic Montana Tunnels M-Pit. The Jefferson County Metallurgical Complex includes processing circuits with capacities of 15,000 tons per day and 1,000 tons per day, along with crushing and ore storage facilities, a tailings facility and related infrastructure. The 1,000-ton-per-day circuit is expected to be suitable for processing high-grade silver-gold-zinc-lead mineralization from Silver Bow Mining's Rainbow Block resources.

2 hours ago

3 hours ago

Fresnillo plc Reports Q2 2026 Zinc Production Drop, Updates Annual Guidance

[Fresnilloplc Announces Q2 2026 Production] Fresnilloplc released its Q2 2026 report, which showed a zinc concentrates metal content of 27,600 mt in the second quarter, down 2.6% YoY, mainly due to lower ore grade at Saucito, partially offset by higher ore grades at Fresnillo and Juanicipio. Its zinc concentrates production guidance for 2026 is 85,000-95,000 mt.

3 hours ago

The mine supply shortage remains unchanged, and the SHFE zinc center has slightly moved up [SMM Zinc Futures Brief Review]

[Mine Supply Tightness Unchanged, SHFE Zinc Center Slightly Higher] The most-traded SHFE zinc 2610 contract opened at 26,035 yuan/mt. After the open, SHFE zinc consolidated around the daily average line. At the beginning of the session, SHFE zinc hit a high of 26,125 yuan/mt, then during the session it touched a low of 25,960 yuan/mt. It finally closed higher at 26,070 yuan/mt, up 65 yuan/mt, or 0.25%. Trading volume decreased to 68,652 lots, and open interest increased by 3,279 lots to 152,000 lots....

3 hours ago