Shanghai Metal Market: Zinc prices fluctuate sideways, spot consumption remains sluggish

K-LinePoet · 2026-04-02T05:05:33+00:00

Today, the Shanghai Metal Market #0 Zinc price rose to 24,660-24,760 RMB/ton, with an average of 24,710 RMB/ton, up 220 RMB from yesterday. The spot market performance is flat, with no obvious boost in consumption sentiment, and trading volume is moderate. Zinc prices remain stable in a sideways trend.

K-LinePoet

2026-04-02 05:05:33

Abstract generation in progress

Today Shanghai Metals Market spot 0#锌24660-24760元/吨，均价24710元/吨，较上一交易日上涨220元/吨，对沪锌2604合约报贴水160-贴水60元/吨；1#24590-24690 yuan/ton, average price 24640 yuan/ton, up 220 yuan/ton from the previous trading day, with LME zinc 2604 contract quoted at a discount of 230-130 yuan/ton to the futures price. Zinc prices remain range-bound. In the early session, prices fluctuated within a range and moved upward. As of the close of the morning, the main LME zinc contract rose by 250 yuan/ton, an increase of 1.02%. Today the spot market performance was fairly ordinary; spot supply was relatively ample. Traders actively quoted, but the rise in zinc prices failed to stimulate consumer sentiment. During the day, downstream procurement driven by just-needed demand was made, but deal volume was generally average. Holders quoted the market average at around +20, and domestic supply versus the 04 contract followed along, with the spot discount widening to around -110. (SHMET)

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