Shanghai Metal Market: Zinc prices fluctuate and adjust, downstream consumption remains weak

K-LinePoet · 2026-02-12T10:43:48+00:00

Today, Shanghai Metal Market spot zinc prices slightly adjusted, with the average price of 0#锌均价24910元/吨，1# zinc at 24,840 yuan/ton, down 160 yuan/ton compared to the previous trading day. The spot market sentiment is relatively weak, demand is cautious, some downstream companies are on holiday, and transaction prices remain limited.

K-LinePoet

2026-02-12 10:43:48

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Today, Shanghai Metal Market spot prices are at 24,790-24,890 yuan/ton, with an average of 24,840 yuan/ton, down 160 yuan/ton from the previous trading day. The SHFE zinc 2602 contract is trading at a discount of 160 to 60 yuan/ton. Today’s spot market sentiment is relatively weak, with zinc prices stabilizing after a slight rebound and cautious downstream purchasing. It is heard that some downstream companies are beginning to take holidays gradually. Although traders holding inventory are somewhat willing to maintain prices during the session, high prices are difficult to transact, with most deals around the average price plus 30 yuan. Domestic prices are tracking around -40 yuan. (SHMET)

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