Freight rates rise, premiums follow suit [SMM Tianjin Zinc Spot Weekly Review]

Published: Sep 24, 2026 16:04 (GMT+8)

Save

[Higher freight costs drive premiums up]: Spot premiums in Tianjin rose significantly this week, up 25 yuan/mt WoW. As of Friday this week, mainstream domestic brands were quoted at a discount of 0-90 yuan/mt against the 2610 contract, while premium brands were quoted at a premium of around 100 yuan/mt against the 2609 contract. Tianjin was quoted at a discount of around 55 yuan/mt against Shanghai.

SMM, September 24: Spot premiums in the Tianjin region rose notably this week, up by 25 yuan/mt WoW. As of Friday this week, mainstream domestic brands were quoted at a discount of 0-90 yuan/mt against the 2610 contract, high-end brands were quoted at a premium of 100 yuan/mt against the 2609 contract, and Tianjin was quoted at a discount of 55 yuan/mt against Shanghai. Zinc prices rebounded this week. Downstream buyers had largely completed pricing last week and began picking up goods this week, with limited purchasing interest. However, with the holiday approaching, fewer transport vehicles were available, oil prices rose, and freight costs increased notably. Traders raised their quotes accordingly, and spot premiums rose significantly. Spot premiums are expected to remain largely stable next week.

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.

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

3 hours ago

【SMM Flash News】Bunker Hill Elects to Issue 100,499 Shares for Debt Interest, Subject to Regulatory Approval.

Bunker Hill Mining elected to issue 100,499 common shares at US$2.67 each to satisfy interest payable as of September 30 under certain debt instruments. Issuance remains subject to the debt terms and regulatory and exchange approvals.

3 hours ago

4 hours ago

【SMM Flash News】Masivo Intersects 32.50 Metres of Lead-Zinc-Bearing Polymetallic Mineralization at Cerro Colorado.

Masivo Silver reported assays from CC-26-001, its first hole at Cerro Colorado in Sonora, Mexico. The hole intersected 32.50 metres from 226.30 to 258.80 metres averaging 0.271% zinc, 0.141% lead and 7.0 g/t silver. Technical difficulties ended drilling at 259.5 metres while the hole remained within mineralized rock.

4 hours ago

【SMM Flash News】TomaGold Reports 69.40 Metres Grading 1.94% Zinc at Berrigan Deep.

TomaGold released results from the final three Phase 2 extension holes at Berrigan in Québec, Canada. TOM-25-012EXT returned 69.40 metres grading 1.94% zinc from 784.20 to 853.60 metres, including 4.20 metres at 16.49% zinc. These are core lengths, with true widths estimated at approximately 80–85%.

4 hours ago