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Downstream restocking in small quantities, premiums in Tianjin rose slightly [SMM Weekly Review of Spot Zinc in Tianjin]

iconAug 8, 2025 15:36
Source:SMM
[Minor Restocking by Downstream, Slight Uptick in Premiums in Tianjin]: This week, spot premiums in Tianjin saw a slight increase, rising by approximately 35 yuan/mt WoW. As of Friday this week, domestic common brands were quoted at a discount of 0-40 yuan/mt against the 2509 contract, while high-priced brands were quoted at parity against the 2509 contract. The discount of Tianjin market against Shanghai market was around 10 yuan/mt, with the price spread between Shanghai and Tianjin narrowing.

SMM August 8 news: Spot premiums in Tianjin edged up WoW, rising around 35 yuan/mt. As of Friday, domestic common brands were quoted at discounts of 0-40 yuan/mt against the 2509 contract, while premium brands traded near parity. The Tianjin-Shanghai price spread narrowed to around 10 yuan/mt. Zinc prices plunged at the start of the week, triggering restocking sentiment among downstream users. Some buyers feared further price hikes and showed stockpiling interest, leading to destocking of zinc ingot inventories in Tianjin. Traders' selling premiums rose significantly initially but moderated later as zinc prices rebounded and downstream purchases shifted to just-in-time restocking. Premiums are expected to maintain a fluctuating trend next week.

 

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