Shanghai Metal Market: Zinc prices fluctuate with a slight upward trend, downstream consumption remains weak

K-LinePoet · 2026-04-07T16:50:36+00:00

Today, Shanghai Metal Market zinc prices rose, with the average price at 23,350 RMB/ton, up 20 RMB/ton from the previous day. Spot market transactions are not very active, with downstream buyers maintaining just-needed purchases, and holders showing a slight willingness to hold prices. The Shanghai zinc main contract increased by 75 RMB/ton, a rise of 0.32%.

K-LinePoet

2026-04-07 16:50:36

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Today, Shanghai Metals Market spot metal 0#锌23370-23470元/吨，均价23420元/吨，较上一交易日上涨20元/吨，对沪锌2604合约报贴水110-贴水10元/吨；1#23300-23400 yuan/ton, with an average price of 23350 yuan/ton. It rose by 20 yuan/ton compared with the previous trading day. For the SHFE zinc 2604 contract, it was quoted at a discount of 180-80 yuan/ton. Zinc ingots continued to trade in a range while moving higher; as of the morning close, the main SHFE zinc contract rose 75 yuan/ton, a gain of 0.32%. Today, spot market trading was not active. Zinc prices shifted their center of gravity upward. Downstream buyers largely maintained just-in-need consumption. Holders showed a somewhat stronger willingness to hold firm, but high-priced trades were difficult to complete. At the start of trading, holders quoted around +50 versus the web average price, then lowered it to around +30 during the session, reportedly seeing trades. Today’s domestic track with the market was around -65. (SHMET)

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