Guangdong Contract Rollover Quotes: Spot Premiums Declined [SMM Guangdong Spot Weekly Review]

Published: May 22, 2026 15:41

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[Guangdong Contract Rollover Quotes, Spot Premiums Declined] Contract rollover quotes in the Guangdong region drove the center of spot premiums lower during the week. Arrivals were relatively low this week, and in addition, bill-related factors constrained spot cargo circulation, with traders maintaining relatively firm quotes...

Premiums in Guangdong declined by approximately 25 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 45-30 yuan/mt against the market price, with the Shanghai-Guangdong price spread remaining stable. During the week, contract rollover pricing in Guangdong drove the premium center downward. Arrivals were relatively low this week, and additionally, bill-related factors constrained spot cargo circulation, with traders maintaining firm offers. However, futures fluctuated at highs, and end-users were gradually entering the consumption off-season, leaving discounts lacking upward support. Premiums in Guangdong are expected to remain within the discount range next week.

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