Zinc Prices Continue to Surge Sharply, Market Transactions Weaken [SMM Tianjin Zinc Spot Weekly Review]

SMM Dec 12: This week, spot premiums in Tianjin remained stable WoW. As of Friday, domestic regular brands were quoted at a discount of 40 to a premium of 100 yuan/mt against the 2601 contract, while high-end brands were quoted at a premium of 110-130 yuan/mt against the 2601 contract. The Tianjin market was at a discount of 110 yuan/mt against the Shanghai market. At the beginning of the week, zinc prices pulled back slightly, and downstream buyers restocked in small quantities. However, by the end of the week, zinc prices surged significantly, leading to cautious buying from downstream consumers with fewer inquiries for pricing. Some awaited the arrival of long-term contracts. With the year-end approaching and long-term contracts ending, the volume of spot circulation decreased compared to before. Traders maintained stable selling prices, and trading was mainly among traders. Overall, premiums in Tianjin remained stable, and it is expected that premiums may rise slightly in the future.