Premiums in Tianjin Remain Stable [SMM Tianjin Spot Zinc Weekly Review]

Published: Jul 17, 2026 13:47

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[Premiums in Tianjin Stayed Stable]: This week, spot premiums in Tianjin remained stable. As of Friday, domestic ordinary brands were quoted at a discount of 30-120 yuan/mt against the 2608 contract, high-grade brands were quoted at parity against the 2608 contract, the Tianjin market was quoted at a discount of around 85 yuan/mt against the Shanghai market, and the Shanghai-Tianjin price spread widened.

SMM July 17 News: This week, spot premiums in Tianjin held steady. As of Friday, domestic common brands were quoted at a discount of yuan 30-120/mt against the 2608 contract, high-end brands were quoted near parity against the 2608 contract, and the Tianjin market was quoted at a discount of about yuan 85/mt against the Shanghai market, with the Shanghai-Tianjin price spread widening. This week, zinc prices consolidated at highs throughout. Affected by extreme weather, end-user operations were sluggish, and downstream users mainly restocked on dips for rigid demand, with a strong wait-and-see sentiment. During this period, the export window opened, and traders made purchases. Tianjin inventory edged down, but the overall volume was limited. After the window closed, market sentiment pulled back. Under the influence of the off-season, downstream purchasing interest was not high. Spot premiums are expected to remain 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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