Shanghai Zinc: Market Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM [SMM Midday Review]

Published: Aug 4, 2026 14:07

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[Shanghai Zinc: Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM] Today, mainstream transaction prices for #0 zinc were concentrated at 24,910-25,045 yuan/mt, Shuangyan had no transactions, while mainstream transaction prices for #1 zinc stood at 24,840-24,975 yuan/mt. In morning trading, offers against the SMM average price were at premiums of 40-60 yuan/mt, with no offers reported against the futures contract...

SMM News, August 4:

Today, mainstream transaction prices for #0 zinc were concentrated at 24,910~25,045 yuan/mt, with no deals for Shuangyan, and #1 zinc was mainly traded at 24,840~24,975 yuan/mt. In the morning session, prices were quoted at premiums of 40~60 yuan/mt against the SMM average price, with no quotes against the futures contract. In the second trading session, ordinary domestic brands were quoted at premiums of 30~50 yuan/mt against the SHFE 2609 contract, Silver was quoted at a premium of 60 yuan/mt against the SHFE 2609 contract, and the high-priced brand Shuangyan had no quotes against the SHFE 2609 contract. Today, the refined zinc purchase sentiment in the Shanghai region was 1.92, and the shipment sentiment was 2.48. SHFE zinc futures prices fell below 25,000 yuan/mt today. Some downstream enterprises made purchases at fixed prices last night, and today purchases were mainly on a need-to basis. Overall spot transactions remained mediocre. However, there were few traders selling in the market. Today, the trade market exhibited strong sentiment to hold prices firm, and spot premiums edged up accordingly.

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