Premiums in Tianjin rise [SMM Tianjin Zinc Spot Weekly Review]

Published: Jun 18, 2026 11:45

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[Tianjin Premiums Rise]: Spot premiums in Tianjin rose this week, up 10 yuan/mt WoW. As of Thursday, ordinary brands in China were quoted at a discount of 70-90 yuan/mt against the 2607 contract, high-end brands at a discount of 20-30 yuan/mt against the 2607 contract, and the Tianjin market at a discount of 40 yuan/mt against the Shanghai market. The Shanghai-Tianjin price spread narrowed.

SMM June 18: This week, spot premiums in Tianjin rose by 10 yuan/mt WoW. As of Thursday, domestic mainstream brands quoted a discount of around 70-90 yuan/mt against the 2607 contract, high-end brands quoted a discount of around 20-30 yuan/mt, and the Tianjin market quoted a discount of around 40 yuan/mt against Shanghai, narrowing the Shanghai-Tianjin price spread. Throughout the week, zinc prices fluctuated at highs. Last week, downstream users restocked heavily through point pricing on dips. This week, they were still gradually picking up goods, while point-pricing deals were few. Overall trading weakened WoW. Traders lowered premiums and discounts to sell at the week's end. Premiums are expected to remain stable next week.

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