Tianjin Zinc: Futures Rebound, Downstream Cautious on High Prices [SMM Midday Review]

Published: Jul 3, 2026 11:50

Save

[Tianjin Zinc: Futures Rebound, Downstream Hesitates to Purchase on High Prices] In the Tianjin market, #0 zinc ingot mainstream transactions were at 24,080-24,410 yuan/mt, Zijin traded at 24,180-24,370 yuan/mt, #1 zinc ingot traded around 24,060-24,320 yuan/mt, Zijin was quoted at a discount of 30-50 yuan/mt against the 2608 contract, Huzinc was quoted at 25,305 yuan/mt, #0 zinc ingot was quoted at a discount of 30-100 yuan/mt against the 2608 contract, and the Tianjin market was at a discount of about 35 yuan/mt against the Shanghai market.

SMM, July 3: In the Tianjin market, #0 zinc ingot was mainly traded at 24,080-24,410 yuan/mt, Zijin brand was traded at 24,180-24,370 yuan/mt, #1 zinc ingot was traded at around 24,060-24,320 yuan/mt. Zijin was quoted at a discount of 30-50 yuan/mt against the August 2026 contract, Huxin was quoted at 25,305 yuan/mt, and #0 zinc ingot was quoted at a discount of 30-100 yuan/mt against the August 2026 contract. The Tianjin market was quoted at a discount of 35 yuan/mt against the Shanghai market. As of the midday close, the high-grade brand Zijin was quoted at a discount of 30-50 yuan/mt against the August 2026 contract, and Xinzi was quoted at a discount of 60-70 yuan/mt against the August 2026 contract. Today, refined zinc purchasing sentiment in Tianjin was 1.9, and selling sentiment was 2.55. The daytime session rebounded today, downstream users were cautious amid high prices, mainly staying on the sidelines. Traders’ selling premiums remained stable, and overall market transactions were moderate.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China's Sulphuric Acid Market Regional Divergence Intensifies, Index Continues to Strengthen [SMM Sulphuric Acid Weekly Review]

1 hour ago

Shanghai Zinc: Spot Market Trading Sluggish, Premiums Remain Low [SMM Midday Review]

[Shanghai Zinc: Subdued Spot Market Transactions Kept Premiums at Low Levels] Mainstream transaction prices for #0 zinc were in the range of 24,120-24,370 yuan/mt today, with Shuangyan mainly traded at 24,280-24,530 yuan/mt and #1 zinc at 24,050-24,300 yuan/mt. In morning trading, offers against the SMM average price ranged from a discount of 10 yuan/mt to a premium of 10 yuan/mt, while quotes against futures were not yet available...

1 hour ago

Ningbo Zinc: Market Quotes Diverge, Spot Zinc Transactions Show No Improvement [SMM Midday Review]

[Ningbo Zinc: Market Quotes Diverge, Spot Transactions Remain Unimproved] In the Ningbo market, the transaction price of mainstream 0# zinc was around 24,160-24,390 yuan/mt. Ningbo conventional brands were quoted at a discount of 30 yuan/mt against the 2608 contract, a premium of 35 yuan/mt against Shanghai spot cargo, and in the Ningbo area mainstream quotes were against the 2608 contract..

1 hour ago