Tianjin Zinc: Zinc Prices Remain High, Market Trading Light [SMM Midday Review]

Published: Aug 10, 2026 11:39

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[Tianjin Zinc: Zinc Prices Remain High, Market Transactions Slack] In the Tianjin market, mainstream traded prices for #0 zinc ingot were 25,340-25,520 yuan/mt, Zijin traded at 25,470-25,630 yuan/mt, #1 zinc ingot traded around 25,340-25,480 yuan/mt, Zijin reported a premium of around 10-40 yuan/mt against the 2609 contract, Huxin was quoted at 26,805 yuan/mt, #0 zinc ingot reported a discount of around 70-120 yuan/mt against the 2609 contract, and the Tianjin market was quoted at a discount of around 85 yuan/mt against the Shanghai market.

SMM August 10: The mainstream transaction price of #0 zinc ingot in the Tianjin market was 25,340-25,520 yuan/mt, Zijin was traded at 25,470-25,630 yuan/mt, #1 zinc ingot was traded around 25,340-25,480 yuan/mt. Zijin was reported at a premium of 10-40 yuan/mt against the 2609 contract, Huxin was quoted at 26,805 yuan/mt, #0 zinc ingot was at a discount of 70-120 yuan/mt against the 2609 contract, and the Tianjin market showed a discount of about 85 yuan/mt against the Shanghai market. As of the noon close, the high-end brand Zijin had a premium of 10-40 yuan/mt against the 2609 contract, and Huoshaoyun was quoted at a discount of 70-120 yuan/mt against the 2609 contract. Today, the refined zinc purchasing sentiment in Tianjin was 1.77, and the shipment sentiment was 2.43. Futures pulled back slightly, but prices remained high, with downstream primarily driven by rigid demand and few inquiries. Traders sold casually, and premiums were largely stable. The overall market trading was sluggish today.

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