Shanghai Metal Market: Zinc prices adjust at low levels, downstream purchases as needed

K-LinePoet · 2026-03-27T15:19:55+00:00

Today, Shanghai zinc spot prices declined, with an average price of 22,770 yuan/ton, down 80 yuan/ton compared to the previous day. The main contract for Shanghai zinc slightly retreated, and market consumption sentiment remained sluggish, resulting in overall low trading activity.

K-LinePoet

2026-03-27 15:19:55

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Today SHMET metal market spot 0#锌22790-22890元/吨，均价22840元/吨，较上一交易日下跌80元/吨，对沪锌2604合约报贴水120-贴水20元/吨；1#22720-22820 yuan/ton, average price 22770 yuan/ton, down 80 yuan/ton from the previous trading day, with the 2604 contract on the Shanghai zinc market quoted at a discount of 190-90 yuan/ton. This morning, Shanghai zinc continued to trade in a range for adjustment; price fluctuations further narrowed. By the close this morning, the main contract was down 50 yuan/ton, a decline of 0.22%. Today the spot market performance was weak but stable. Zinc prices traded sideways with a narrowing range; downstream demand continued to be rigid, with low willingness to purchase. Holding traders quoted the current-month on the exchange’s average at around +60, and the next-month at around +40; domestic follow-on remained around -70. Trading volume changed little. (SHMET)

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