This Week's Contract Rollover Saw a Slight Rise in Premiums [SMM Tianjin Zinc Spot Market Weekly Review]

SMM reported on September 5: Spot premiums in Tianjin edged up WoW, rising 15 yuan/mt. As of Friday, domestic common brands were quoted at discounts of 30-70 yuan/mt against the 2510 contract, while premium brands were at discounts of 10-20 yuan/mt against the same contract. The Tianjin-Shanghai spread stood near a 10 yuan/mt discount. Early in the week, downstream enterprises in Tianjin faced production cuts or holiday shutdowns due to traffic and production restrictions, leaving the local market quiet. Later, as zinc prices plunged to more acceptable levels for buyers, some downstream players placed orders at lower prices, though overall procurement sentiment remained subdued amid undelivered pre-priced zinc ingots. During the contract rollover, traders saw slight increases in premiums and discounts. Premiums are expected to hold steady next week.