Guangdong Zinc: Price Center Rises, Spot Trading Sluggish [SMM Midday Review]

Published: Jul 27, 2026 13:03

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[Guangdong: Price Center Moves Higher, Spot Transactions Sluggish] Guangdong 0# zinc was mainly traded at 24,720~24,765 yuan/mt, mainstream brand quotations against the 2609 contract were -120~-70 yuan/mt, and at a discount of 55 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread widened...

SMM July 28: Guangdong 0# zinc was mainly traded at 24,720-24,765 yuan/mt, with mainstream brand quotations against the 2609 contract at -120~-70 yuan/mt, and at a discount of 55 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened. Today, suppliers quoted -120~-70 yuan/mt for Qilin, Mengzi, Danxia, and Anning brands. The purchasing sentiment for refined zinc in Guangdong was 1.9, and the sales sentiment was 2.45. The zinc price center moved higher from the previous Friday's morning session. Overall market trading was weak, and downstream users maintained purchasing as needed. Recently, spot supply of some brands was limited, traders quoted at higher levels, but with high futures prices, market transactions were difficult to push forward, and overall demand sentiment was weak.

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