Zinc Prices Rose, Premiums Declined [SMM Tianjin Zinc Spot Weekly Review]

Published: Aug 28, 2026 16:11

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[Zinc Prices Rose, While Premiums Declined]: This week, spot premiums in the Tianjin market edge down, down 5 yuan/mt WoW. As of this Friday, in China, mainstream brands were quoted at discounts of around 30-70 yuan/mt against the 2609 contract; high-priced brands were quoted at premiums of around 50 yuan/mt against the 2609 contract; Tianjin was quoted at discounts of around 60 yuan/mt against Shanghai.

SMM News on August 28: Spot premiums in Tianjin edged down this week, down 5 yuan/mt WoW. As of this Friday, in China, mainstream brands were quoted at discounts of around 30-70 yuan/mt against the 2609 contract, high-priced brands were quoted at premiums of around 50 yuan/mt against the 2609 contract, and Tianjin was quoted at discounts of around 60 yuan/mt against Shanghai. This week, zinc prices rose to a multi-month high, and downstream buyers mostly stayed on the sidelines, with fewer inquiries and pricing. Large producers waited for shipments under long-term contract, while some end-users with rigid demand mainly priced later. At month-end, traders were not active in selling, overall market trading was not active, and premiums were adjusted slightly lower. Premiums were expected to edge down next week amid the contract rollover.

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