Guangdong Zinc: Futures Center Consolidates at Highs, Market Transactions Ordinary [SMM Midday Review]

Published: Jul 6, 2026 12:00

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[Guangdong Zinc: Futures Center Consolidates at Highs, Market Transactions Moderate] Guangdong 0# zinc was mainly traded at 24,350-24,505 yuan/mt, mainstream brands were offered against the 2608 contract at discounts of 90-70 yuan/mt, and against Shanghai spot at a discount of 10 yuan/mt, with the Shanghai-Guangdong price spread narrowing...

SMM July 6: Guangdong 0# zinc was mainly traded at 24,350-24,505 yuan/mt, with mainstream brands quoted at a discount of 90-70 yuan/mt against the 2608 contract and a discount of 10 yuan/mt against Shanghai spot cargo, and the Shanghai-Guangdong price spread narrowed. Today, suppliers quoted a discount of 90-70 yuan/mt for Qilin, Mengzi, Danxia, Anning, Feilong, etc. The purchasing sentiment of refined zinc in Guangdong today was 1.9, and the selling sentiment was 2.58. The futures center consolidated at highs, and traders' quotes were relatively stable, but downstream buying interest weakened due to high prices, and spot premiums were flat from last Friday.

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