Fewer arrivals during the week, spot premiums/discounts rose [SMM Guangdong Spot Weekly Review]
[Less Arrivals During the Week, Spot Premiums/Discounts Rise] This week, premiums/discounts in the Guangdong region rose slightly, increasing by approximately 15 yuan/mt WoW. As of Friday this week, the mainstream 0# zinc quotations in the Guangdong market were at premiums of 350~390 yuan/mt against the market, and the Shanghai-Guangdong price spread narrowed...
Data: SHFE, DCE market movement (May 23)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 May, 2025
[Production pace of some enterprises slowed down, with operating rates of die-casting zinc alloy declining this week] This week, the operating rate of die-casting zinc alloy was recorded at 56.22%, down 2.86 percentage points WoW. On the raw material side, zinc prices maintained a fluctuating trend this week, and enterprises purchased raw materials at lower prices, leading to a slight increase in raw material inventories. In terms of finished product inventories, affected by the rise in zinc prices mid-week, downstream enterprises' purchasing sentiment weakened, resulting in a decrease in outflows from warehouses and a slight increase in finished product inventories. The upward trend in the operating rate of die-casting zinc alloy this week was mainly due to the weakening demand from downstream customers of some large enterprises. To reduce finished product inventories, enterprises slowed down their production pace...
Insufficient fundamental support, zinc prices remain weak [SMM Zinc Futures Brief Comment]
[Insufficient Fundamental Support, Zinc Prices Remain Weak]: The most-traded SHFE zinc 2507 contract opened at 22,315 yuan/mt. After opening, SHFE zinc prices rose slightly to a high of 22,375 yuan/mt, maintained a fluctuating trend briefly, and then pulled back all the way below the daily average line. Near the end of the trading session, SHFE zinc prices dipped to a low of 22,205 yuan/mt, eventually closing down at 22,215 yuan/mt...