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

K-LinePoet · 2026-03-17T05:11:57+00:00

Shanghai Metal Market - Zinc prices continued to decline today, with the average price for zinc at 24,390 yuan/ton, down 70 yuan/ton compared to yesterday. The market is well supplied, with holders actively selling, but downstream demand remains weak, leading to low trading volume. The main futures contract decreased by 0.55%.

K-LinePoet

2026-03-17 05:11:57

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Today, Shanghai Metal Market spot zinc is quoted at 22,430-24,440 yuan/ton, with an average price of 24,390 yuan/ton, down 70 yuan/ton from the previous trading day. The premium/discount for SHFE zinc 2603 contract is reported at a discount of 160-60 yuan/ton. This morning, zinc prices continued to consolidate sideways, with the main contract closing at a decrease of 135 yuan/ton, a drop of 0.55%. Today’s spot market trading was relatively stable compared to yesterday, with market circulation relatively ample. Holders are actively selling, but downstream demand remains weak, resulting in average trading volume. During the session, holders reported an average price of around +50 yuan, while domestic prices maintained at around -45 yuan. (SHMET)

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