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

Published: Jun 5, 2026 16:18

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[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.

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