Tianjin Region Premiums Decline[SMM Tianjin Zinc Spot Weekly Review]

Published: Jul 10, 2026 14:37

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[Decline in premiums in Tianjin]: Spot premiums in Tianjin fell this week, down 5 yuan/mt WoW. As of this Friday, China's ordinary brands were quoted at discounts of around 60-130 yuan/mt against the 2608 contract, high-end brands at discounts of around 0-10 yuan/mt against the 2608 contract, and the Tianjin market was quoted at a discount of around 50 yuan/mt against the Shanghai market. The price spread between Shanghai and Tianjin widened.

SMM July 10: This week, spot premiums in Tianjin declined, down 5 yuan/mt WoW. As of this Friday, domestic regular brands were quoted at discounts of 60-130 yuan/mt against the 2608 contract, high-end brands at discounts of 0-10 yuan/mt against the 2608 contract, with Tianjin at a discount of 50 yuan/mt against Shanghai, and the Shanghai-Tianjin price spread widened. Zinc prices surged this week, leaving downstream users wary of high prices and cautious in purchasing, with a strong wait-and-see sentiment and mainly consuming inventories. Large smelters primarily relied on long-term contracts, overall consumption was moderate, Tianjin inventory edged up, and trader shipments edged down. Spot premiums are expected to hold steady next week.

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.

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