Guangdong Zinc: Zinc prices consolidate at highs, downstream just-in-time procurement [SMM Midday Review]

Published: Aug 11, 2026 11:53

Save

[Guangdong: Zinc Prices Consolidate at Highs, Downstream Just-in-Time Procurement] In Guangdong, 0# zinc largely traded at 25,465-25,590 yuan/mt, with mainstream brands quoted at a discount of 100-70 yuan/mt against the 2609 contract and a discount of 50 yuan/mt against spot Shanghai, and the Shanghai-Guangdong price spread narrowing.

SMM, August 11: In Guangdong, #0 zinc was mainly traded at 25,465-25,590 yuan/mt. Mainstream brands were offered at discounts of 100-70 yuan/mt against the 2609 contract, and at a discount of 50 yuan/mt against Shanghai spot cargoes. The Shanghai-Guangdong price spread narrowed. Today, suppliers offered discounts of 100-70 yuan/mt for Qilin, Mengzi, Danxia, Anning, Feilong, and Lan zinc. In Guangdong, the refined zinc procurement sentiment stood at 1.95, and the sales sentiment at 2.57. Zinc prices consolidated at high levels, and the overall market trading atmosphere was mediocre. Recently, spot supply for some brands remained tight, supporting firm spot offers. Downstream enterprises mostly made just-in-time procurement, and some plants, dragged by high finished product inventories, showed insufficient purchasing enthusiasm.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 4, 2026 16:45

SHFE/LME price ratio rebounds and consolidates around 6.8, export window opens [SMM Zinc SHFE/LME Price Ratio Weekly Review]

[SHFE/LME price ratio rebounds to around 6.8 and consolidates]: This week, the SHFE/LME price ratio rebounded slightly from lows to around 6.8, with the zinc ingot export window still open. Outside China, the escalating Middle East conflict pushed up oil prices, the US dollar weakened, and nonferrous metals rebounded across the board. Fundamentals side, LME inventory remains low in absolute terms, the 0-3 backwardation structure holds above $130/mt, spot supply outside China is tight, and LME zinc is showing relative strength.

Sep 4, 2026 16:45

Sep 4, 2026 15:57

Data: SHFE, DCE market movement (Sep 04)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Sep , 2026

Sep 4, 2026 15:57

Sep 4, 2026 15:00

High Prices Suppress Market Demand, Die-Casting Zinc Alloy Market Performance Remains Weak [SMM Die-Casting Zinc Alloy Weekly Review]

[High prices suppress market demand, die-casting zinc alloy market performance remains subdued] This week, operating rates pulled back, mainly disrupted by extreme weather in east China, with some enterprises experiencing temporary production halts. On the end-use consumption side, constrained by high zinc prices, downstream hardware fittings enterprises showed strong fear of high prices......

Sep 4, 2026 15:00