Tianjin Zinc: Zinc Prices Maintain Fluctuating Trend Downstream Restocking Mainly Driven by Rigid Demand [SMM Midday Review]

Published: Mar 21, 2025 11:53

Save

Tianjin Zinc: Zinc Prices Maintain Fluctuating Trend, Downstream Restocking Driven by Rigid Demand. In the Tianjin market, #0 zinc ingot mainly traded at 23,740 to 23,980 yuan/mt, Zijin traded at 23,810 to 24,010 yuan/mt, and #1 zinc ingot traded around 23,640 to 23,820 yuan/mt. Huludao was quoted at 27,210 yuan/mt. For #0 zinc, the discount against the 2504 contract was 20 to 50 yuan/mt, while for Zijin, the premium against the 2504 contract was 50 to 80 yuan/mt. The Tianjin market was about 10 yuan/mt lower than the Shanghai market.

SMM March 21 News: In the Tianjin market, #0 zinc ingot mainly traded at 23,740 to 23,980 yuan/mt, Zijin traded at 23,810 to 24,010 yuan/mt, and #1 zinc ingot traded around 23,640 to 23,820 yuan/mt. Huludao was quoted at 27,210 yuan/mt. For #0 zinc, the premium against the 2504 contract ranged from a discount of 20 to a premium of 50 yuan/mt. Zijin against the 2504 contract was quoted at a premium of 50 to 80 yuan/mt. The Tianjin market was about 10 yuan/mt lower than the Shanghai market. By the close of the morning session, Xinzi against the 04 contract was quoted at a premium of 40 to 50 yuan/mt, factory delivery of Xikuang Jinli against the 04 contract was quoted at a discount of 0 to 10 yuan/mt, Bailing delivery against the 04 contract was quoted around 60 yuan/mt, and high-priced brand Zijin against the 04 contract was quoted at a premium of 50 to 80 yuan/mt. Zinc prices slightly rebounded today. Downstream buyers had restocked more in the previous two days, so their purchasing enthusiasm decreased today. They held a wait-and-see attitude towards zinc prices, mainly restocking based on rigid demand. With fewer arrivals in the Tianjin area recently, traders maintained stable quotes. The price difference between self pick-up from warehouse and factory delivery remained large, and overall transactions were moderate.

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14