Zinc Price Center Moved Lower, Guangdong Spot Premiums Rose [SMM Guangdong Spot Weekly Review]

Published: Jun 26, 2026 15:02

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[Zinc Price Center Declines; Guangdong Spot Premiums Rise] This week, Guangdong spot premiums edged up 5 yuan/mt WoW. As of this Friday, mainstream #0 zinc in Guangdong was quoted at a discount of 50-40 yuan/mt against the market. The Shanghai-Guangdong price spread narrowed...

Spot premiums in Guangdong edged up this week, up 5 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at discounts of 50-40 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed. During the week, zinc prices fell below 24,000 yuan/mt, prompting end-users to buy the dip, with point-based pricing activity increasing. The lower zinc price and active trading supported a rise in spot premiums. Looking ahead to next week, on the demand side, end-use consumption in Guangdong is entering the off-season; enterprises have already engaged in dip-buying restocking this week, and with some long-term contract shipments arriving successively later, demand-side support is expected to weaken. Meanwhile, on the supply side, spot cargo circulation in the Guangdong market remains relatively ample. Overall, spot premiums in Guangdong are expected to lack sufficient momentum for a sustained rise next week.

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