Spot premiums and discounts in Guangdong rose by 30 yuan/mt WoW. As of Friday, the mainstream #0 zinc was quoted at a discount of 45–15 yuan/mt against the market, while the Shanghai-Guangdong price spread maintained its level. The zinc price center declined WoW, driving improved trading activity in the Guangdong market, with downstream end-users showing increased willingness to restock on price dips, leading spot premiums/discounts to rise accordingly. The market is currently influenced by mixed factors; although traders intend to hold prices firm, end-use consumption is gradually entering the off-season, putting downward pressure on prices. It is expected that spot premiums and discounts will have limited room to rise next week and maintain a fluctuating trend.
