Tianjin Zinc Ingot Spot Premium Rose, Market Transactions Weakened [SMM Tianjin Spot Zinc Weekly Review]

Published: May 8, 2026 13:35

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[Tianjin Zinc Ingot Spot Premiums Rose, Market Trading Weakened]: Spot premiums in the Tianjin area rose this week, up 30 yuan/mt WoW. As of this Friday, China's ordinary brands were quoted at a discount of 0-90 yuan/mt against the 2606 contract, premium brands were quoted at a discount of 0-30 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 80 yuan/mt against Shanghai.

SMM May 8: Spot premiums in Tianjin rose this week, up 30 yuan/mt WoW. As of this Friday, ordinary brands were quoted at discounts of 0-90 yuan/mt against the 2606 contract, premium brands were quoted at discounts of 0-30 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 80 yuan/mt against Shanghai. Zinc prices surged significantly this week, with downstream buyers mostly adopting a wait-and-see approach, cautious about buying at high prices. Previously priced cargoes were gradually picked up, leading to destocking of zinc ingots in Tianjin. Traders reduced shipments due to invoice-related issues, and trader quoted premiums rose. Spot premiums are expected to continue to edge up next week.

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