Guangdong Zinc: Overall Transactions Moderate, Spot Premiums/Discounts Unchanged [SMM Midday Review]

Apr 01, 2025, at 12:00 pm

Guangdong Zinc: Overall transactions were moderate, spot premiums/discounts remained flat. The mainstream transaction price of Guangdong 0# zinc was 23,450-23,660 yuan/mt. The mainstream brands quoted a premium of 5 yuan/mt against the 2505 contract and 30 yuan/mt against Shanghai spot pig iron. The Shanghai-Guangdong price spread remained...

SMM April 1: The mainstream transaction price of 0# zinc in Guangdong was 23,450-23,660 yuan/mt. The mainstream brands quoted a premium of 5 yuan/mt against the 2505 contract and a premium of 30 yuan/mt against Shanghai spot pig iron. The Shanghai-Guangdong price spread remained unchanged. In the first session, suppliers quoted premiums of 0-35 yuan/mt for Qilin, Mengzi, Huize, Feilong, and Lanzinc. In the second session, Qilin and Lanzinc quoted premiums of 5-25 yuan/mt against the net price. Overall, the futures market maintained a fluctuating trend in the first session, with downstream acceptance of the current price being relatively high and a strong market investment atmosphere. In the second session, the futures market experienced a slight upward trend, and the number of traders selling in the market decreased. Today's market transactions performed moderately, and spot premiums/discounts remained unchanged from yesterday.

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Guangdong Zinc: Overall Transactions Moderate, Spot Premiums/Discounts Unchanged [SMM Midday Review]

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