Spot Premiums Rose This Week, But Market Transactions Weakened at the End of the Week [SMM Guangdong Spot Weekly Review]

Mar 14, 2025, at 3:13 pm

[Spot Premiums Rose This Week, but Market Transactions Weakened at Week's End] Spot premiums in Guangdong rose this week, up 10 yuan/mt WoW. As of Friday, mainstream quotations for 0# zinc in the Guangdong market were quoted at discounts of -40~0 yuan/mt. The Shanghai-Guangdong price spread widened to 10 yuan/mt...

SMM March 14 News: This week, Guangdong spot premiums and discounts rose, up 10 yuan/mt WoW. As of this Friday, mainstream 0# zinc quotations in the Guangdong market were quoted at discounts of 40~0 yuan/mt. The Shanghai-Guangdong price spread widened to 10 yuan/mt. Driven by the overseas market and news of potential production cuts by overseas smelters, zinc prices rose this week. Starting mid-week, the Guangdong market showed a sentiment of fear of high prices, leading to weaker market transactions, and the rise in spot premiums was hindered and pulled back. With downstream consumption gradually recovering, shipments in the Guangdong region improved at the beginning of the week, and trading activity increased. However, the mid-week price rise prompted most traders to continuously lower premiums to facilitate shipments, resulting in more active trading among traders, though a few traders maintained a sentiment to stand firm on quotes. Next week, the Guangdong region will undergo contract rollover, and premiums and discounts are expected to rise slightly. 》Click to View the SMM Metal Industry Chain Database

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