Tianjin Zinc Ingot Premiums Continued to Rise with Weak Market Trading [SMM Tianjin Spot Zinc Weekly Review]

Published: May 15, 2026 13:23

Save

[Tianjin Zinc Ingot Spot Premiums Continued to Rise, Market Trading Remained Weak]: Spot premiums in the Tianjin area rose this week, up 20 yuan/mt WoW. As of this Friday, China's common brands were quoted at a discount of 60-80 yuan/mt against the 2606 contract, premium brands were quoted at a discount of 10-50 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 70 yuan/mt against Shanghai.

SMM May 15: Spot premiums in Tianjin rose this week, up 20 yuan/mt WoW. As of this Friday, ordinary brands were quoted at a discount of 60-80 yuan/mt against the 2606 contract, premium brands at a discount of 10-50 yuan/mt against the 2606 contract, and Tianjin at a discount of 70 yuan/mt against Shanghai. Zinc prices surged significantly this week, with downstream buyers mostly adopting a wait-and-see approach. Combined with lackluster downstream consumption, overall purchase willingness remained low, dominated by long-term contracts. Zinc ingot inventories in Tianjin continued to build up, while trader shipments decreased due to invoice-related issues. Trader quoted premiums edged up slightly, and spot premiums are expected to continue to edge up 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

45 mins ago

Zinc Downstream Enterprises Mostly on the Sidelines, Spot Trades Sluggish During the Week [SMM Shanghai Spot Weekly Review]

[Downstream Zinc Enterprises Mostly on the Sidelines, Spot Trades Sluggish During the Week]: Spot premiums in Shanghai declined WoW this week, but the overall weekly average price rose 10 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 0-50 yuan/mt against the 2606 contract, while the premium brand Shuangyan was quoted at a premium of 100-120 yuan/mt against the 2606 contract.

45 mins ago

46 mins ago

Zinc Futures Prices Rose Significantly, Overall Spot Cargo Transactions Were Poor During the Week [SMM Ningbo Spot Weekly Review]

[Futures Zinc Prices Rose Significantly, Overall Spot Transactions Were Poor During the Week]: Spot premiums in Ningbo fluctuated this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2606 contract were quoted at a premium of 40 yuan/mt, with a premium of 60 yuan/mt against the Shanghai premium..

46 mins ago

1 hour ago

Galvanizing Plants Have All Resumed Operations, Production Starts Increase Significantly [SMM Galvanizing Weekly Review]

[Galvanizing Plants All Resumed Operations, Operating Rates Rose Sharply]: The operating rates of galvanising producers stood at 60.19% this week, up 12.43 percentage points WoW. Raw material side, zinc prices surged this week, downstream purchase willingness remained low, and zinc ingot inventory at galvanising enterprises declined notably.

1 hour ago