Tianjin Zinc Ingot Premiums Rose Due to Contract Rollover [SMM Tianjin Zinc Spot Weekly Review]

Published: Jun 5, 2026 14:22

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[Tianjin Zinc Ingot Premiums Rise Due to Contract Rollover]: This week, spot premiums in the Tianjin region rose, up 20 yuan/mt WoW. As of this Friday, ordinary brands in China quoted discounts of around 100~120 yuan/mt against the 2607 contract, premium brands quoted discounts of around 50 yuan/mt against the 2607 contract, and the Tianjin market quoted a discount of around 40 yuan/mt against the Shanghai market, all based on the contract rollover this week.

SMM June 5 news: Spot premiums in Tianjin rose this week, up 20 yuan/mt WoW. As of Friday this week, domestic mainstream brands quoted a discount of 100-120 yuan/mt against the 2607 contract, high-end brands quoted a discount of around 50 yuan/mt against the 2607 contract, and the Tianjin market quoted a discount of around 40 yuan/mt against Shanghai, amid contract rollover this week. This week, zinc prices continued to fluctuate at highs. Downstream demand was relatively weak, with orders weaker than the same period last year, and restocking was largely for rigid demand. Tianjin inventories stayed high. Amid contract rollover this week, traders slightly raised the premiums on their shipments due to the price spread between futures contracts. Premiums are expected to remain stable next week.

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