Shanghai Zinc: Sentiment of Holding Prices Firm Continued in the Market Today, with Some Suppliers Continuing to Raise Premiums [SMM Midday Review]

Published: Jul 17, 2026 11:58

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[Shanghai Zinc: Market Price-Holding Sentiment Persisted Today, Some Suppliers Continued to Raise Premiums] Today, mainstream transaction prices for #0 zinc were concentrated at 24,580-24,790 yuan/mt, Shuangyan mainstream transactions were concluded at 24,670-24,900 yuan/mt, and #1 zinc mainstream transactions were at 24,510-24,720 yuan/mt. In early trading, premiums against the SMM average price were quoted at 40-60 yuan/mt, with no quotes against the contract for now...

SMM July 17 news: Today, mainstream transaction prices for #0 zinc concentrated at 24,580~24,790 yuan/mt, Shuangyan mainstream traded at 24,670~24,900 yuan/mt, and #1 zinc mainstream traded at 24,510~24,720 yuan/mt. In early trading, the market quoted premiums of 40~60 yuan/mt against the SMM average price, with no quotes against the futures contract yet. In the second trading session, ordinary domestic brands were quoted at a premium of 40 yuan/mt against the 2608 contract, Silver at a premium of 50 yuan/mt against the 2608 contract, and the high-priced brand Shuangyan at a premium of 130~150 yuan/mt against the 2608 contract. Today, the purchasing sentiment for refined zinc in Shanghai was 1.98, and the selling sentiment was 2.5. Today, SHFE zinc futures prices maintained a fluctuating trend. Traders in the Shanghai market continued to hold prices firm for shipments, and overall spot premium quotes continued to rise from yesterday. However, downstream enterprises showed less enthusiasm in inquiring and purchasing. Spot transactions today remained based on demand, and overall spot trades were sluggish.

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