Tianjin Zinc Ingot Premiums Declined, Market Transactions Were Weak [SMM Tianjin Spot Zinc Weekly Review]

Published: May 22, 2026 15:16

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[Tianjin Zinc Ingot Premiums Declined, Market Trading Was Weak]: Spot premiums in Tianjin declined this week, down 5 yuan/mt WoW. As of this Friday, domestic ordinary brands were quoted at a discount of 40-80 yuan/mt against the 2606 contract, premium brands were quoted at a discount of 0-40 yuan/mt against the 2606 contract, and Tianjin was quoted at a discount of 80 yuan/mt against Shanghai.

SMM May 22: Spot premiums in Tianjin declined this week, down 5 yuan/mt WoW. As of this Friday, ordinary brands were quoted at a discount of 40-80 yuan/mt against the 2606 contract, premium brands at a discount of 0-40 yuan/mt against the 2606 contract, and Tianjin at a discount of approximately 80 yuan/mt against Shanghai. Zinc prices fluctuated at highs this week, with lackluster downstream consumption, poor orders, and generally low purchase willingness, mainly relying on long-term contracts. Tianjin inventory remained relatively high, and traders slightly lowered premiums to facilitate shipments. Trader quoted premiums edged down, and premiums are expected to edge up next week due to month-end bill issues.

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