[Zinc Prices Fell During the Week, Guangdong Spot Premiums Rose] Guangdong premiums rose 20 yuan/mt WoW this week. As of this Friday, mainstream 0# zinc in Guangdong was quoted at discounts of 0 to premiums of 40 yuan/mt against the market, and the Shanghai-Guangdong price spread continued to widen......

[Slow Resumption of Downstream Work and Inactive Market]: Spot premiums in Tianjin rose slightly this week, up 5 yuan/mt WoW from pre-holiday levels. As of Friday, domestic generic brands were quoted at a discount of 50 yuan/mt to a premium of 20 yuan/mt against the 2603 contract, while premium brands were quoted at a premium of 10–40 yuan/mt against the 2603 contract. Tianjin market was quoted at a discount of about 20 yuan/mt against Shanghai market, narrowing the price spread between Shanghai and Tianjin.

[Weekly Guangdong Contract Rollover Spot Premiums/Discounts Declined] This week, Guangdong premiums and discounts fell by about 55 yuan/mt WoW. As of Friday, mainstream 0# zinc spot premiums in Guangdong were at a discount of 60 yuan/mt, and the Shanghai-Guangdong price spread widened...

[Premiums and Discounts in Guangdong Fell Significantly and Are Expected to Remain Under Pressure and Decline Next Week] This week, premiums and discounts in Guangdong dropped by about 55 yuan/mt WoW. As of Friday, the mainstream 0# zinc was quoted at a discount of 60 yuan/mt in Guangdong, and the Shanghai-Guangdong price spread widened...

[Zinc Prices Pull Back, Market Inactive]: Spot premiums in Tianjin rose slightly WoW, up 10 yuan/mt. As of Friday, domestic standard brands were quoted at a discount of 30-50 yuan/mt against the 2603 contract, premium brands at a premium of 0-20 yuan/mt against the 2603 contract, and Tianjin prices at a discount of about 50 yuan/mt against Shanghai prices.

[SMM News] This week, spot premiums in Guangdong declined, falling by 55 yuan/mt WoW. Zinc prices maintained a fluctuating trend overall this week, with relatively abundant spot cargo circulating in the market recently. Meanwhile, as the market entered the seasonal off-season, downstream consumption demand weakened somewhat. Under these circumstances, traders found it relatively difficult to sell their cargo, and spot premiums in the market subsequently declined. With the normal production of some smelters expected to continue, the spot market in Guangdong is anticipated to remain relatively abundant in the near future. However, amid weak consumption demand, spot premiums and discounts in Guangdong may continue to decline next week.