This week, zinc ingot arrivals remained limited, and premiums in Tianjin were relatively firm [SMM Tianjin Spot Weekly Review].

SMM, December 27: This week, spot premiums in the Tianjin region remained relatively firm, down 5 yuan/mt WoW in the weekly average price. As of Thursday, spot premiums for domestic ordinary brands against the 2501 contract were 430-540 yuan/mt, while high-end brands were at 580-600 yuan/mt. The Tianjin market maintained a premium of around 80 yuan/mt against the Shanghai market. Zinc prices rose this week, and as downstream restocking on a pricing basis was relatively active last week, downstream purchasing enthusiasm decreased this week with slightly weaker demand. However, arrivals were limited during the week, leading to a continued decline in Tianjin zinc ingot inventory. Traders showed a slight tendency to stand firm on quotes, keeping premiums relatively firm. It is expected that zinc ingot arrivals will gradually improve, and premiums may pull back next week.

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