Guangdong zinc: Downstream purchasing enthusiasm slows down, but spot premiums continue to rise [SMM Noon Review]

Published: Aug 20, 2026 13:28

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[Guangdong: Downstream purchasing enthusiasm slowed down, but spot premiums continued to rise] Guangdong 0# zinc was mainly traded at 25,235-25,280 yuan/mt, with major brands offering discounts of 140-90 yuan/mt against the 2610 contract, and a discount of 35 yuan/mt against spot Shanghai. The Shanghai-Guangdong price spread widened...

On August 20, SMM reported that mainstream transactions of Guangdong 0# zinc were at 25,235-25,280 yuan/mt. Mainstream brands quoted discounts of 140-90 yuan/mt against the 2610 contract, a discount of 35 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread widened. Today, suppliers quoted discounts of 140-90 yuan/mt for Qilin, Mengzi, Danxia, Anning, and Feilong. Today, the purchasing sentiment for refined zinc in Guangdong was 1.9, and the sales sentiment was 2.47. Zinc prices edged up today, slowing down downstream purchasing enthusiasm. However, in Guangdong, the circulating volume of some delivery brands has been low recently, and inventory has been declining, which supported premiums.

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