Guangdong Zinc: Futures Center Pulls Back Slightly, Spot Premiums Edge 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 concluded at 24,360-24,580 yuan/mt, with mainstream brands quoted at discounts of 140-120 yuan/mt against the 2608 contract, and at a discount of 70 yuan/mt against Shanghai spot zinc, with the Shanghai-Guangdong price spread maintaining...

SMM July 17 news: Guangdong #0 zinc was mainly traded at 24,360-24,580 yuan/mt, with mainstream brands quoted at discounts of 140-120 yuan/mt against the 2608 contract, and at a discount of 70 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread remained stable. Today, suppliers quoted discounts of 140-120 yuan/mt for Qilin, Mengzi, Anning, and Feilong. The purchasing sentiment for refined zinc in Guangdong was 2.11, and the selling sentiment was 2.54. A slight pullback in the futures center, coupled with the approaching weekend, prompted some small end-user purchases, which pushed up spot premiums in Guangdong slightly.

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