Futures zinc prices consolidated, while spot zinc transactions remained sluggish during the week [SMM Shanghai Spot Weekly Review]

Published: Jul 3, 2026 15:42

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[Futures Zinc Prices Consolidate, Spot Transactions Subdued During the Week]: This week, Shanghai spot premiums maintained a fluctuating trend, with the weekly average price up 20 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a discount of 60 yuan/mt against the 2608 contract, while high-priced brand Shuangyan was quoted at a premium of 100 yuan/mt against the 2608 contract..

SMM July 3 news:

This week, spot premiums in Shanghai maintained a fluctuating trend, with the weekly average price up 20 yuan/mt WoW. As of Friday, ordinary domestic brands were quoted at a discount of 60 yuan/mt against the 2608 contract, while the high-end brand Shuangyan was quoted at a premium of 100 yuan/mt against the 2608 contract. Zinc ingot supply was ample in the Shanghai market this week. During the week, futures zinc prices rebounded WoW. Downstream enterprises bought the dip last week, and some had not yet used up their raw material inventory this week, leading to strong wait-and-see sentiment. Overall, spot trades were sluggish, and spot premiums struggled to rise. Spot premiums are expected to maintain a fluctuating trend next week.

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