Northern Environmental Protection Impact, Overall Transactions Were Average This Week [SMM Tianjin Spot Zinc Weekly Review]

Published: Mar 13, 2026 13:34

Save

[Environmental Protection Measures in Northern China Weighed, Overall Trading Was Average This Week]: Spot premiums in Tianjin were flat WoW this week. As of this Friday, in China, standard domestic brands were quoted at discounts of around 50-100 yuan/mt against the 2604 contract, high-priced brands at discounts of around 30-60 yuan/mt against the 2604 contract, and Tianjin was quoted at a premium of around 10 yuan/mt against Shanghai.

SMM News, March 13: Spot premiums in Tianjin were flat WoW this week. As of this Friday, discounts for standard domestic brands against the 2604 contract were around 50-100 yuan/mt, while discounts for high-priced brands against the 2604 contract were around 30-60 yuan/mt, and Tianjin was quoted at a premium of around 10 yuan/mt against Shanghai. Zinc prices mainly saw wide swings this week and dropped back slightly toward the weekend. Downstream players had basically resumed operations, but affected by environmental protection-driven production restrictions and vehicle restrictions, enterprises had not reached full production as expected. End-use consumption was still recovering slowly, and orders were not ideal. Downstream buyers restocked on rigid demand at lower prices, Tianjin zinc ingot inventories continued to build up, and traders' shipment premiums held broadly stable. Environmental protection measures are expected to be lifted next week, end-use consumption is also expected to return to normal, and spot premiums may rise slightly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Secondary Zinc Oxide Payables Remained Relatively Firm, How Will They Perform in March [SMM Analysis]

Secondary Zinc Oxide Production Fell in February, While Secondary Zinc Oxide Payables Remained Relatively Firm. What Trend Will Secondary Zinc Oxide Show in March?

Common.Time.minsAgo

Oversupply in China Drives SHFE Zinc Lower [SMM Daily Zinc Commentary]

[China Oversupply Weighed on SHFE Zinc]: The most-traded SHFE zinc 2604 contract opened at 24,250 yuan/mt. In early trading, bears added to open interest, and SHFE zinc fluctuated downward all the way, falling to a low below 24,140 yuan/mt. Its center then slightly rebounded, and it finally closed down at 24,140 yuan/mt, down 160 yuan/mt, or 0.66. Trading volume increased to 85,941 lots, while open interest rose by 2,465 lots to 75,191 lots.

Common.Time.minsAgo

Macro Disturbances Coupled With Rising Inventory in China Weighed on Prices, and the Centers of Both SHFE and LME Moved Lower This Week [SMM Market Review - Weekly Price Review]

[Macro Disturbances Coupled With Rising China Inventory Weighed on the Centers of Both SHFE and LME This Week] At the beginning of the week, Trump stated that the conflict in Iran was basically over, and the US dollar index fell sharply, pushing the center of LME zinc higher; subsequently, market uncertainty intensified, some funds exited, and LME zinc came under pressure......

Common.Time.minsAgo