Traders casually sold and quoted, premiums fluctuated this week [SMM Shanghai spot cargo weekly review].

Published: Jun 18, 2026 15:47

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[Traders’ casual shipment offers, spot premiums fluctuated this week]: This week, spot premiums in Shanghai maintained a fluctuating trend, basically flat WoW from the weekly average price. As of this Friday, ordinary domestic brands were quoted at a discount of 30-20 yuan/mt against the 2607 contract, while the high-end brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2607 contract..

SMM June 18 news:

Spot premiums in Shanghai maintained a fluctuating trend this week, basically flat WoW. As of this Friday, ordinary domestic brands were offered at a discount of 30 to 20 yuan/mt against the 2607 contract, while high-end brand Shuangyan was offered at a premium of 60 yuan/mt against the 2607 contract. Shanghai zinc ingot inventories kept accumulating, and overall market supply was in surplus. Traders were lackadaisical in offering cargoes, and overall spot premiums hovered at lows. Meanwhile, downstream enterprises showed weak consumption during the off-season, and spot trading performance was poor. With no improvement in consumption, premiums are expected to see little obvious increase next week.

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