Shanghai Zinc Spot Premiums Rise Then Retreat Amid Bullish Sentiment and Cautious Buyers

Published: Jul 24, 2026 17:57

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【Shanghai Refined Zinc Market】Shanghai spot premiums increased earlier this week. The rise was mainly driven by traders maintaining firm offers following last week's bullish sentiment. However, as warehouse warrants flowed into the Shanghai market and SHFE zinc prices climbed noticeably, downstream buyers became increasingly cautious at higher prices. Spot trading subsequently weakened, leading spot premiums to retreat.

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