Zinc prices surge, premiums in Tianjin decline [SMM Tianjin Spot Zinc Weekly Review]

Published: Aug 7, 2026 13:23

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[Zinc Price Surge, Tianjin Premiums Decline]: Spot premiums in the Tianjin area edged down this week, down WoW by 20 yuan/mt. As of this Friday, China's ordinary brands were quoted at a discount of around 20-120 yuan/mt against the 2609 contract, while high-end brands were quoted at a premium of around 10-50 yuan/mt against the 2609 contract. The Tianjin market was at a discount of around 90 yuan/mt against the Shanghai market.

SMM, August 7 – This week, spot premiums in Tianjin edged lower, down WoW by 20 yuan/mt. As of Friday, ordinary domestic brands were reported at discounts of around 20-120 yuan/mt against the 2609 contract, while high-end brands were reported at premiums of around 10-50 yuan/mt against the 2609 contract, and the Tianjin market was quoted at a discount of around 90 yuan/mt against Shanghai. Zinc prices surged to a multi-month high this week. Downstream users were cautious about buying at elevated prices, with limited inquiries and mainly drawing down inventory. Sentiment for deferred pricing was subdued. Traders took a relatively laid-back approach to selling. Premiums edged lower. Consumption in Tianjin remained sluggish, and premiums are expected to stay weak next week.

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