Guangdong Zinc: Futures Center Rises, Spot Premiums Lack Upward Momentum [SMM Midday Comment]

Published: Jul 15, 2026 13:09

Save

[Guangdong: Futures Center Rises, Spot Premiums Lack Upward Momentum] In Guangdong, mainstream 0# zinc trades were at 24,705-24,795 yuan/mt, mainstream brands quoted discounts of 105-85 yuan/mt against the 2608 contract and a discount of 50 yuan/mt against Shanghai spot zinc, and the Shanghai-Guangdong price spread widened...

SMM News, July 15: Guangdong #0 zinc traded mainly at 24,705-24,795 yuan/mt, with mainstream brands quoted at discounts of 105-85 yuan/mt against the 2608 contract and a discount of 50 yuan/mt against Shanghai spot cargo, widening the Shanghai-Guangdong price spread. Suppliers offered Qilin, Mengzi, Danxia, and Anning at discounts of 105-85 yuan/mt. Today, the purchase sentiment for refined zinc in Guangdong stood at 1.9 and the sales sentiment at 2.5. The zinc price center moved higher. After the futures rose, downstream purchase willingness was insufficient, and overall transactions did not improve from yesterday. Currently, actual market demand is weak, downstream consumption is sluggish, the procurement pace is slow, and transactions were mainly just-in-time procurement by downstream players.

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.

Images in this article contain AI-translated captions for reference only.

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

7 mins ago

Data: SHFE, DCE market movement (Jul 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Jul , 2026

7 mins ago

2 hours ago

Shanghai Zinc: Few Traders Selling, Spot Premiums Up MoM [SMM Midday Review]

[Shanghai zinc: Few traders selling, spot premiums up MoM] Today, #0 zinc mainstream transaction prices were centered at 24,790-24,860 yuan/mt, Shuangyan mainstream transaction at 24,910-25,010 yuan/mt, and #1 zinc mainstream transaction at 24,720-24,790 yuan/mt. In early trading, offers were at premiums of 30-40 yuan/mt against the SMM average price, with no quotes against the futures contract yet...

2 hours ago

Ningbo Zinc: Trader Quotations Basically Stable, Downstream Enterprises Continue to Wait and See [SMM Midday Review]

[Ningbo Zinc: Trader quotations basically held stable, downstream enterprises continued to wait and see] In the Ningbo market, mainstream-brand 0# zinc traded at around 24,810-24,860 yuan/mt. Regular brands in Ningbo were quoted at a discount of 10 yuan/mt against the 2608 contract and a premium of 30 yuan/mt against spot cargo in Shanghai, while the mainstream in the Ningbo area quoted against the 2608 contract.

2 hours ago