Downstream Operations Are Still Resuming, Market Transactions Improved Compared with Last Week [SMM Tianjin Spot Zinc Weekly Review]

Published: Mar 6, 2026 15:40

Save

[Downstream Operations Were Still Resuming, and Market Trading Was Better Than Last Week]: Spot premiums in Tianjin rose slightly this week, up 20 yuan/mt WoW. As of this Friday, mainstream domestic brands were quoted at discounts of around 20-100 yuan/mt against the 2604 contract, while high-priced brands were quoted at discounts of around 20-50 yuan/mt against the 2604 contract. Tianjin was quoted at a discount of around 10 yuan/mt against Shanghai, the Shanghai-Tianjin price spread narrowed, and contract rollover quotes were offered this week.

SMM News, March 6: This week, spot premiums in Tianjin rose slightly, up 20 yuan/mt WoW. As of this Friday, mainstream domestic brands were quoted at discounts of around 20-100 yuan/mt against the 2604 contract, while high-priced brands were quoted at discounts of around 20-50 yuan/mt against the 2604 contract. Tianjin was quoted at discounts of around 10 yuan/mt against Shanghai. The Shanghai-Tianjin price spread narrowed, and quotes were for contract rollover this week. Zinc prices were mainly rangebound this week and dropped back slightly toward the end of the week. Downstream players were still resuming operations gradually, end-use consumption recovered slowly, and downstream buyers restocked on dips. Market transactions improved WoW, and premiums rebounded slightly. It is expected that downstream operating rates will basically return to normal next week, and 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

Mar 27, 2026 15:59

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

Mar 27, 2026 15:59

Mar 27, 2026 15:56

Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Remain Stable, End-Use Demand Shows Divergence] In terms of orders, overall demand for rubber-grade zinc oxide remained stable, but some enterprises were relatively cautious about expectations for subsequent demand from tyre factories; orders for major ceramic-grade zinc oxide producers were relatively stable, but affected by the overall weakness in the real estate market, overall demand in the sector was average......

Mar 27, 2026 15:56

Mar 27, 2026 15:55

Data: SHFE, DCE market movement (Mar 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

Mar 27, 2026 15:55