Shanghai Metal Market: Zinc prices fluctuate sideways, spot trading remains dull

K-LinePoet · 2026-03-05T00:33:48+00:00

Today, Shanghai Metal Market zinc prices have slightly declined, with an average price of 24,380 yuan/ton. The spot market trading is dull, with holders actively selling but weak consumption demand, resulting in poor transaction volume and ample market liquidity. The main contract of Shanghai zinc slightly increased.

K-LinePoet

2026-03-05 00:33:48

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Today, Shanghai Metal Market spot zinc is priced at 24,260-24,360 yuan/ton, with an average price of 24,310 yuan/ton, down 80 yuan/ton from the previous trading day. The Shanghai zinc 2603 contract is trading at a discount of 160-60 yuan/ton. This morning, zinc prices continued to move sideways. By the close of the morning session, the main Shanghai zinc contract rose by 35 yuan/ton, a 0.14% increase. Today, trading in the spot market was relatively unchanged from last week. Market circulation is relatively ample, with holders actively selling, but downstream demand remains weak, resulting in average trading volume. Holders quoted high prices but kept a low profile; early in the session, the average price on the market was around +45, but transactions were difficult. During the session, prices were adjusted to around +20, with some reports of transactions. Domestic prices followed the market at around -40. (SHMET)

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