Prices Pulled Back This Week, Guangdong Spot Market Activity Picked Up [SMM Guangdong Weekly Spot Aluminum Review]

Published: Jun 12, 2026 15:34

Save

[Prices Pulled Back This Week, Guangdong Spot Market Activity Increased] This week, premiums in Guangdong rose 15 yuan/mt WoW. As of this Friday, mainstream 0# zinc in Guangdong was quoted at a discount of 35-25 yuan/mt against the market. The Shanghai-Guangdong price spread remained...

This week, premiums in Guangdong increased WoW by 15 yuan/mt. As of Friday this week, mainstream #0 zinc in Guangdong was quoted at a discount of 35-25 yuan/mt against the market, and the Shanghai-Guangdong price spread remained stable. Early this week, zinc prices fluctuated at highs, while downstream users maintained just-in-time procurement, leading to light trading. Toward the weekend, zinc prices declined notably, prompting end-users to increase point-price purchases, and purchasing sentiment rebounded. Overall, current downstream activity is dominated by just-in-time procurement and restocking on dips, with market activity clearly influenced by price movements. Next week, with the contract rollover in Guangdong, premiums are expected to be pressured downward under the contango structure.

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 for 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

21 mins ago

SHFE zinc recorded a bullish candlestick, and is expected to hover at highs [SMM Zinc Brief Review]

[SHFE Zinc Records a Bullish Candlestick, Expected to Hover at Highs] The most-traded SHFE zinc 2607 contract opened at 24,190 yuan/mt. After the opening, SHFE zinc fluctuated above the daily average line, reaching a high of 24,445 yuan/mt during this period. Subsequently, bulls reduced their positions, and SHFE zinc edged down to test a low of 24,070 yuan/mt. Near the close, SHFE zinc edged up to recoup some losses, finally closing up at 24,360 yuan/mt, up 195 yuan/mt, a gain of 0.81%. Trading volume fell to 122,000 lots, and open interest declined by 4,821 lots to 75,934 lots.....

21 mins ago

2 hours ago

Data: SHFE, DCE market movement (Jun 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Jun , 2026

2 hours ago

Geopolitical Risks Dominate Market, SHFE and LME Both Decline [SMM Market Review - Zinc Weekly Review]

[Geopolitical Risks Dominate Market, SHFE and LME Both Move Lower] At the start of the week, the situation in the Middle East remained volatile, and LME zinc fluctuated; subsequently, the US dollar index declined, and LME zinc rose; however, as market expectations for the US Fed to maintain higher interest rates for longer intensified and the US struck Iran, the center of LME zinc shifted lower; then, Trump announced the resumption of “heavy strikes” against Iran, the US-Iran ceasefire agreement was disrupted, and LME zinc quickly moved lower...

2 hours ago