Zinc Prices Surged Significantly, Market Transactions Weakened [SMM Tianjin Zinc Spot Weekly Review]

Published: Dec 5, 2025 14:10

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[Zinc Prices Surged Significantly, Market Transactions Weakened]: Spot premiums in the Tianjin area continued to rise this week, up about 10 yuan/mt WoW. As of Friday, domestic standard brands were quoted at a discount of 40 yuan/mt to a premium of 10 yuan/mt against the 2601 contract, while premium brands were quoted at a premium of about 150 yuan/mt against the 2601 contract. Tianjin prices were at a discount of about 130 yuan/mt against Shanghai prices, with the Shanghai-Tianjin price spread widening. Quotations were made for contract rollover this week.

SMM December 5: Spot premiums in Tianjin continued to rise this week, up about 10 yuan/mt WoW. As of Friday, domestic common brands were quoted at discounts of 40 to premiums of 10 yuan/mt against the 2601 contract, while premium brands were quoted at premiums of about 150 yuan/mt against the 2601 contract. Tianjin prices were at discounts of about 130 yuan/mt against Shanghai prices, with the Shanghai-Tianjin price spread widening. Quotations were made during the contract rollover this week. Zinc prices rose sharply this week, causing downstream buyers to be cautious due to high prices, adopting a wait-and-see approach. There were fewer inquiries for point price, with some waiting for long-term contract arrivals. Cargo pick-up was limited, and spot circulation decreased compared to before. Traders maintained stable selling prices, with trading mainly conducted among traders. Overall, premiums in Tianjin increased, and it is expected that subsequent premiums may remain stable.

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