Tianjin Zinc: Zinc Prices Continue to Rise, Market Remains Sluggish [SMM Midday Review]

Published: Aug 26, 2026 11:47

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[Tianjin Zinc: Zinc Prices Continue to Rally, Market Sluggish] In the Tianjin market, mainstream transactions of #0 zinc ingot were at 26,060~26,300 yuan/mt, Zijin transactions at 26,210~26,390 yuan/mt, and #1 zinc ingot transactions around 26,060~26,230 yuan/mt. Zijin reported a premium of 30~50 yuan/mt against the 2609 contract, Hu zinc was quoted at 27,515 yuan/mt, and #0 zinc ingot reported a discount of 40~120 yuan/mt against the 2609 contract. The Tianjin market reported a discount of around 50 yuan/mt compared to the Shanghai market.

SMM August 26 news: In Tianjin market, #0 zinc ingot was mainly traded at 26,060-26,300 yuan/mt, Zijin traded at 26,210-26,390 yuan/mt, #1 zinc ingot traded around 26,060-26,230 yuan/mt, Zijin reported premium of 30-50 yuan/mt over the 2609 contract, Hu zinc reported 27,515 yuan/mt, #0 zinc ingot reported discount of 40-120 yuan/mt over the 2609 contract, and the Tianjin market reported discount of 50 yuan/mt over the Shanghai market. By the close of morning trading, high-end brand Zijin showed premium of 30-50 yuan/mt over the 2609 contract, Xinzi reported discount of 70 yuan/mt over the 2609 contract. Today, the refined zinc purchasing sentiment in Tianjin area was 1.71, and the shipment sentiment was 2.42. The futures continued to rally, but downstream players were relatively unacceptable to prices, with few inquiries, mainly consuming inventory. Traders were not active in shipments, with stable premiums. Overall market transaction was poor today.

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