Guangdong Zinc: Weak downstream procurement demand, spot premiums/discounts decline [SMM Midday Review]

Published: Jun 13, 2025 11:59

Save

[Guangdong Zinc: Weak Downstream Procurement Demand Leads to Lower Spot Premiums/Discounts] The mainstream transaction price of 0# zinc in Guangdong ranged from 22,190 to 22,390 yuan/mt. Mainstream brands were quoted at a premium of 270 yuan/mt against the 2507 contract, and at a premium of 30 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened...

SMM June 13 news:

In Guangdong, the mainstream transaction price of 0# zinc ranged from 22,190 to 22,390 yuan/mt. Mainstream brands were quoted at premiums of 270 yuan/mt against the 2507 contract and at premiums of 30 yuan/mt against spot zinc in Shanghai. The Shanghai-Guangdong price spread widened. In the first instance, suppliers offered premiums of 265 to 300 yuan/mt for Qilin, Mengzi, Anning, and Lanxin brands. In the second instance, Qilin, Mengzi, Anning, and Lanxin brands were quoted at premiums of 265 to 300 yuan/mt against Wangjia. Overall, the futures market fluctuated considerably today. Downstream enterprises had replenished their stocks in the early stage, and the actual demand from end-users was currently moderate. As a result, spot transactions in the market were relatively ordinary, and spot premiums and discounts declined slightly.

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 to learn 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

Jun 5, 2026 16:18

Zinc Prices Fluctuated at Highs, Guangdong Spot Premiums Fell This Week [SMM Guangdong Spot Weekly Review]

[Zinc Price Fluctuates at Highs, Guangdong Premiums Fall This Week] This week, Guangdong premiums fell WoW by 15 yuan/mt. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 90-60 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

Jun 5, 2026 16:18

Jun 5, 2026 16:16

Off-Season Characteristics Increasingly Prominent, Die-Casting Zinc Alloy Starts Lower [SMM Die-Casting Zinc Alloy Weekly Review]

[Off-Season Characteristics Becoming Increasingly Prominent, Die-Casting Zinc Alloy Operating Rate Declines] In terms of downstream demand, zipper order demand in China has been mediocre recently, while demand for luggage and apparel zippers is weak. End-use demand for jewelry and hardware has also slowed down. Regarding export orders, some orders for hardware products exported to the Middle East have been continuously decreasing, but orders shipped to Southeast Asia have been generally normal...

Jun 5, 2026 16:16

Jun 5, 2026 16:15

Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline [SMM Zinc Oxide Weekly Review]

[Finished Product Inventories Rise, Zinc Oxide Operating Rate Continues to Decline] This week, the operating rate of zinc oxide enterprises recorded 57.11%, down 0.34 percentage points WoW. On the inventory side, due to weakening end-use demand in some segments, some enterprises' finished products experienced inventory buildup...

Jun 5, 2026 16:15