Zinc Prices Pull Back, Market Inactive [SMM Tianjin Zinc Spot Weekly Review]

SMM February 6: Spot premiums in the Tianjin region rose slightly this week, up 10 yuan/mt WoW. As of Friday, domestic standard brands were quoted at a discount of 30-50 yuan/mt against the 2603 contract, while premium brands were quoted at a premium of 0-20 yuan/mt against the 2603 contract. The Tianjin market was quoted at a discount of about 50 yuan/mt against the Shanghai market. Zinc prices retreated from highs this week, but most downstream consumers began holidays, with a small portion making fixed-price purchases for stockpiling. Large plants mainly relied on long-term contracts, and some traders also started holidays. Market shipments decreased, trading was inactive, and premiums remained slightly firm. It is expected that premiums will continue to hold steady.