Tianjin Zinc Ingot Premium Held Steady [SMM Tianjin Spot Zinc Weekly Review]

Published: Apr 17, 2026 14:33

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[Tianjin Zinc Ingot Spot Premiums Held Steady]: Spot premiums in the Tianjin area remained flat WoW. As of Friday, ordinary brands were quoted at a discount of 90–120 yuan/mt against the 2605 contract, premium brands were quoted at a discount of 60–70 yuan/mt against the 2605 contract, and Tianjin was quoted at a discount of approximately 50 yuan/mt against Shanghai.

SMM April 16: Spot premiums in Tianjin remained flat WoW this week. As of this Friday, ordinary brands were quoted at discounts of 90-120 yuan/mt against the SHFE 2605 contract, premium brands were quoted at discounts of 60-70 yuan/mt against the SHFE 2605 contract, and Tianjin was quoted at a discount of 50 yuan/mt against Shanghai. Zinc prices fluctuated at highs this week. Downstream buyers were cautious about high prices and rarely priced orders, while long-term contract deliveries continued to arrive. Downstream purchase willingness remained low. Zinc ingot arrivals in Tianjin continued, and Tianjin zinc ingot inventory stayed high. Overall market transactions were tepid, with trading dominated by traders. Traders offered large discounts on premiums to facilitate shipments, but traders were watching the opening of the export window and had a mentality to hold prices firm. Spot premiums are expected to edge up 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.

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