Guangdong Zinc: Futures Center Pulled Back Slightly, Spot Premiums Edged Up [SMM Midday Comment]

Published: Jul 17, 2026 11:32

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[Guangdong: Futures Center Pulls Back Slightly, Spot Premiums Edge Up] Guangdong 0# zinc mainstream transactions were at 24,360~24,580 yuan/mt, mainstream brands were quoted at discounts of 140~120 yuan/mt against the 2609 contract, a discount of 70 yuan/mt against Shanghai spot cargo, and the Shanghai-Guangdong price spread remained at...

SMM July 17 news: Guangdong 0# zinc was mainly traded at 24,360-24,580 yuan/mt. Mainstream brands were quoted at discounts of 140-120 yuan/mt against the 2609 contract and at a discount of 70 yuan/mt against Shanghai spot zinc. The Shanghai-Guangdong price spread remained stable. Today, suppliers quoted discounts of 140-120 yuan/mt against the 2609 contract for Qilin, Mengzi, Anning, and Feilong brands. The purchasing sentiment for refined zinc in Guangdong was 2.06, and the selling sentiment was 2.54. The futures center pulled back slightly, and with the weekend approaching, some small-scale purchasing by downstream users drove spot premiums in Guangdong to edge up slightly.

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