Zinc Futures Fluctuate Above RMB 26,200/ton; Guangdong Spot Premium Supported Despite Sluggish Demand

Published: Aug 26, 2026 13:14

Save

【SMM Flash】Today’s futures price fluctuated above RMB 26,200/ton. Following the price rally, downstream purchasing activities in Guangdong turned sluggish. Nevertheless, circulating supplies of some deliverable brands have tightened recently, with export arbitrage window remaining open. Traders maintained firm offers, putting bottom‑side support on zinc spot premium‑discount in Guangdong.

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.

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

1 hour ago

Shanghai Zinc: SHFE zinc futures price up MoM, spot market sentiment remains sluggish [SMM noon review]

[Shanghai Zinc: SHFE Zinc Futures Prices Up MoM, Spot Market Sentiment Remains Sluggish] Today, the mainstream transaction price for #0 zinc was concentrated at 26,175-26,345 yuan/mt, with Shuangyan mainly traded at 26,325-26,495 yuan/mt, and #1 zinc mainstream transactions at 26,105-26,275 yuan/mt. In the early session, cargoes with invoices dated next month were quoted at a premium of 40-60 yuan/mt against the SMM average price, while no quotes for futures were available...

1 hour ago

Ningbo Zinc: Downstream Players Continue to Watch from the Sidelines Amid High Prices, Purchase Willingness Is Poor [SMM Noon Review]

[Ningbo Zinc: Downstream Players Continued to Wait and See Due to High Prices, Purchase Willingness Was Poor] The Mainstream Brand 0# Zinc In The Ningbo Market Was Traded At Around 26,205-26,335 Yuan/Mt. The Conventional Brands In Ningbo Quoted A Premium Of 0 Yuan/Mt Against The 2609 Contract And A Premium Of 50 Yuan/Mt Against Shanghai Spot. The Mainstream In Ningbo Quoted Against The 2609 Contract..

1 hour ago

2 hours ago

Guangdong Zinc: Zinc price center continues to rise, downstream purchasing activities decrease [SMM Midday Review]

[Guangdong: Zinc Price Center Continued to Rise, Downstream Purchasing Decreased] Guangdong 0# zinc mainly traded at 26,180~26,315 yuan/mt, with major brands quoting a discount of 85~55 yuan/mt against the 2610 contract, a premium of 15 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread widened...

2 hours ago