Tianjin Zinc Ingot Premium Rose, Contract Rollover Quotes This Week [SMM Tianjin Spot Zinc Weekly Review]

Published: Apr 30, 2026 16:05

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[Tianjin Zinc Ingot Spot Premiums Rose, Contract Rollover Pricing This Week]: Spot premiums in Tianjin rose this week, up 35 yuan/mt WoW. As of Friday, ordinary brands were quoted at a discount of 0-120 yuan/mt against the 2606 contract, premium brands were quoted at a premium of 10 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 70 yuan/mt against Shanghai. The price spread between Shanghai and Tianjin widened, with contract rollover pricing this week.

SMM April 30: Spot premiums in Tianjin rose this week, up 35 yuan/mt WoW. As of this Friday, ordinary brands were quoted at a discount of 0-120 yuan/mt against the 2606 contract, premium brands at a premium of around 10 yuan/mt against the 2606 contract, and Tianjin at a discount of around 70 yuan/mt against Shanghai. The SHFE-Tianjin price spread widened, with contract rollover pricing this week. Zinc prices pulled back to levels more acceptable to downstream buyers this week, and downstream players timely stockpiled ahead of the Labour Day holiday, with increased cargo pick-up via pricing orders. Tianjin zinc ingot destocking occurred, while trader shipments decreased due to bill-related issues. Mainstream traders began quoting against the 06 contract, and spot premiums rose. Post-holiday, downstream stocking demand is expected to persist, and spot premiums are expected to continue to edge up.

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