Shanghai Metal Market: Weak zinc price trend, downstream rigid demand consumption

K-LinePoet · 2026-03-27T09:28:36+00:00

Today, the price of #0 Zinc on Shanghai Metal Market rose by 70 RMB/ton to 23,870 RMB/ton. Spot market transactions are poor, and consumer sentiment is weak. The main contract for Shanghai zinc fell by 110 RMB/ton, a decrease of 0.46%. Holders are gradually lowering their quotes, and domestic zinc remains at a discount.

K-LinePoet

2026-03-27 09:28:36

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Today, Shanghai Metals Market’s spot price is 0#锌23820-23920元/吨，均价23870元/吨，较上一交易日上涨70元/吨，对沪锌2604合约报贴水160-贴水60元/吨；1#23,750-23,850 yuan/ton, with an average price of 23,800 yuan/ton, up 70 yuan/ton compared to the previous trading day. The Huobi zinc 2604 contract is reported at a discount of 230 to a discount of 130 yuan/ton. Zinc prices continue to shift downward; by the end of the morning session, the main Huobi zinc contract dropped by 110 yuan/ton, a decline of 0.46%. Today’s spot market transactions are sluggish; although zinc prices have rebounded slightly compared to yesterday, consumer sentiment has weakened rather than increased. At the beginning of the session, holders reported an average price of around +30, but transactions were difficult, and mid-session quotes were adjusted down to around +20 or lower. Domestic prices maintained a discount of around 110. (SHMET)

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