Tianjin Zinc Ingot Spot Premium Rose, Market Transactions Weakened [SMM Tianjin Spot Zinc Weekly Review]

Published: May 8, 2026 13:35

Save

[Tianjin Zinc Ingot Spot Premiums Rose, Market Trading Weakened]: Spot premiums in the Tianjin area rose this week, up 30 yuan/mt WoW. As of this Friday, China's ordinary brands were quoted at a discount of 0-90 yuan/mt against the 2606 contract, premium brands were quoted at a discount of 0-30 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 80 yuan/mt against Shanghai.

SMM May 8: Spot premiums in Tianjin rose this week, up 30 yuan/mt WoW. As of this Friday, ordinary brands were quoted at discounts of 0-90 yuan/mt against the 2606 contract, premium brands were quoted at discounts of 0-30 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 80 yuan/mt against Shanghai. Zinc prices surged significantly this week, with downstream buyers mostly adopting a wait-and-see approach, cautious about buying at high prices. Previously priced cargoes were gradually picked up, leading to destocking of zinc ingots in Tianjin. Traders reduced shipments due to invoice-related issues, and trader quoted premiums rose. 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

36 mins ago

Geopolitical Disruptions Combined with Trade Disturbances Drive SHFE and LME Prices Higher [SMM Market Review - Weekly Price Commentary]

[Geopolitical Disruptions Combined with Trade Disturbances, SHFE and LME Both Rise] At the beginning of the week, LME zinc was closed due to the UK bank holiday. Subsequently, signs that the US-Iran ceasefire agreement remained in effect eased inflation concerns and upward pressure on interest rates. Combined with supply disruptions outside China, these factors jointly supported the rise of LME zinc. Meanwhile, the US dollar index continued to decline, and inventories outside China fell consecutively, further supporting LME zinc's upward move......

36 mins ago

38 mins ago

No Significant Production Cuts at Smelters in May, Zinc Concentrate TCs Continue to Decline [SMM Zinc Concentrates Weekly Review]

[No Significant Production Cuts at Smelters in May; Zinc Concentrate TCs Continued to Decline]: Based on weekly data, the SMM Zn50 domestic weekly average TC fell 150 yuan/mt Zn WoW to 700 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $6.5/dmt WoW to -$45.75/dmt.

38 mins ago

Zinc Oxide Production Relatively Stable but Enterprise Profit Margins Narrow [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Relatively Stable but Enterprise Profit Margins Narrow] Currently, the overall demand in the zinc oxide industry was relatively stable, but market price involution was prominent. Meanwhile, some enterprises saw rising production costs due to production processes and increased raw material costs, while product selling prices were suppressed by market competition, leaving limited upside room...

38 mins ago