SHFE Zinc Futures Prices Rose Significantly; Spot Market Trading Was Sluggish During the Week [SMM Shanghai Spot Weekly Review]

Published: Aug 28, 2026 15:45

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[SHFE Zinc Futures Prices Rose Sharply, While Spot Market Trading Was Sluggish During the Week]: This week, the weekly average spot premiums in Shanghai fell 15 yuan/mt WoW from last week’s weekly average price. As of this Friday, offers for ordinary domestic brands were at a discount of 60 yuan/mt against the 2610 contract, while the high-priced brand Huize was at a premium of 90 yuan/mt against the 2609 contract..

SMM News on August 28:

This week, the weekly average spot premiums in Shanghai fell by 15 yuan/mt WoW from last week’s weekly average price. As of this Friday, offers for ordinary domestic brands were at a discount of 60 yuan/mt against the 2610 contract, while the high-priced brand Huize was quoted at a premium of 90 yuan/mt against the 2609 contract. This week, SHFE zinc futures prices climbed steadily, and persistently high zinc prices continued to suppress downstream enterprises’ purchase willingness. During the week, downstream buyers showed poor enthusiasm for inquiries and purchases, overall spot transactions remained sluggish, and some suppliers slightly lowered their quotes to boost shipments, keeping market spot premiums in the doldrums. With futures prices staying elevated, spot premiums were expected to show little improvement next week.

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