Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Declined [SMM Guangdong Spot Weekly Review]

Published: Apr 24, 2026 16:17

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[Zinc Prices Fluctuated at Highs During the Week, Guangdong Premiums Declined] This week, premiums in the Guangdong region decreased by approximately 10 yuan/mt WoW. As of this Friday, mainstream 0# zinc in the Guangdong region was quoted at discounts of 105~85 yuan/mt against the market, with the Shanghai-Guangdong price spread narrowing.

This week, premiums in Guangdong dropped by around 10 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at premiums of -105~-85 yuan/mt against the market, with the Shanghai-Guangdong price spread narrowing. Zinc price centers continued to rise during the week, while end-use demand in Guangdong was mediocre, and enterprises were cautious in procurement. However, with month-end approaching and tightened invoice quotas in Guangdong, traders held firm on quotations, providing some support to premiums. Looking ahead to next week, if zinc prices remain high, the upside room for premiums is expected to be limited. However, as enterprises launch routine rigid-demand stockpiling ahead of the Labour Day holiday, premiums are expected to maintain a fluctuating trend.

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