Market buying and selling sentiment is low, premiums in Tianjin remain stable [SMM Tianjin Zinc Spot Weekly Review]

SMM August 21 News: This week, spot premiums in the Tianjin area remained stable, WoW. As of this Friday, domestic regular brands were quoted at a discount of 30 to 50 yuan/mt against the 2509 contract, while high-end brands were quoted at a discount of 0 to 30 yuan/mt against the 2509 contract. The Tianjin market was at a discount of 20 yuan/mt against the Shanghai market. At the beginning of this week, zinc prices pulled back slightly, and downstream restocking increased. Zinc ingot inventory in Tianjin decreased slightly. However, since the 20th, vehicle and production restrictions have been implemented in Tianjin, with many small factories halting operations. Overall, zinc ingot transactions were moderate, and traders' selling premiums remained stable. It is expected that premiums may continue to decline next week.