Shanghai Zinc: Futures Prices Rose Noticeably, Overall Market Trading Sluggish [SMM Midday Review]

Published: Aug 6, 2026 13:29

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[Shanghai Zinc: Futures Prices Rose Significantly, Overall Market Trading Sluggish] Today, #0 zinc mainstream transaction prices concentrated in the range of 25,590-25,715 yuan/mt, Shuangyan mainly traded at 25,720-25,885 yuan/mt, and #1 zinc mainstream traded at 25,520-25,645 yuan/mt. In early trading, the market offered a premium of 30-40 yuan/mt against the SMM average price, with no quotes against the futures contract...

SMM, August 6:

Mainstream transaction prices for #0 zinc were concentrated at 25,590–25,715 yuan/mt today, with Shuangyan mainly transacting at 25,720–25,885 yuan/mt and #1 zinc mainstream transactions at 25,520–25,645 yuan/mt. In the morning session, the market was quoted at premiums of 30~40 yuan/mt against the SMM average price, with no quotes against the futures contract yet. In the second trading session, ordinary domestic brand quotes were at premiums of 10 yuan/mt against the 2609 contract, silver was at premiums of 60 yuan/mt, and the high-priced brand Shuangyan was quoted at premiums of 140~180 yuan/mt. Refined zinc purchasing sentiment in Shanghai was 1.80 today, and selling sentiment was 2.71. SHFE zinc futures prices rose significantly MoM today, with downstream enterprises continuing to show fear of high prices. Their willingness to make purchases and inquire about prices was poor today. Overall spot transactions remained need-based, with traders facing poor shipments. Some suppliers lowered their premium quotes for zinc ingot to facilitate shipments.

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