Zinc Prices Pull Back, Premiums Rise Accordingly [SMM Tianjin Zinc Spot Weekly Review]

Published: Oct 16, 2026 16:31 (GMT+8)

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[Zinc Prices Pull Back, Spot Premiums Rise]: Spot premiums in Tianjin rose significantly this week, up 30 yuan/mt WoW. As of Friday, mainstream domestic brands were offered at premiums of 0-80 yuan/mt against the 2611 contract, while high-end brands were offered at premiums of 110-180 yuan/mt against the 2611 contract. Tianjin was quoted at a discount of around 35 yuan/mt against Shanghai, narrowing the Shanghai-Tianjin price spread.

SMM, October 16: This week, spot premiums in the Tianjin region rose notably, up 30 yuan/mt WoW. As of this Friday, domestic mainstream brands were quoted at premiums of 0-80 yuan/mt against the 2611 contract, while premium brands were quoted at premiums of 110-180 yuan/mt against the 2611 contract. Tianjin was quoted at a discount of around 35 yuan/mt against Shanghai, narrowing the Shanghai-Tianjin price spread. This week, zinc prices fell to levels more acceptable to downstream buyers, boosting downstream purchasing interest and increasing cargo pick-up via price fixing. With limited spot cargo circulating in Tianjin, traders raised their quotes accordingly, and spot premiums rose notably. Next week, premiums are expected to remain largely stable.

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