Shanghai Metal Market: Zinc prices decline within range, spot prices available but no market activity

K-LinePoet · 2026-03-08T09:48:03+00:00

Today, Shanghai Metal Market zinc prices declined, with an average price of 24,270 yuan/ton, down 130 yuan from the previous day. The main contract for Shanghai zinc fell by 195 yuan, market sentiment was dull, and spot circulation decreased.

K-LinePoet

2026-03-08 09:48:03

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Today, Shanghai Metal Market spot prices are 24,220-24,320 yuan/ton, with an average of 24,270 yuan/ton, down 130 yuan/ton from the previous trading day. The Shanghai Zinc 2603 contract is trading at a discount of 160-60 yuan/ton. This morning, zinc prices experienced a slight decline within the range, and by the close of the morning session, the main Shanghai Zinc contract fell by 195 yuan/ton, a decrease of 0.79%. As the Spring Festival approaches, market sentiment remains subdued, with industries entering holiday periods. Spot circulation has decreased, but prices are high with no market activity. During the session, futures traders reported an average net price of around +75, while domestic prices maintained around -40 levels. (SHMET)

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