SMM Review of Spot Zinc Market In Tianjin

The premiums in Tianjin remained weak last week. As of Friday, ordinary brands were offered with premiums of 80-140 yuan/mt over the 2308 contract, while the premium for high-end brand Zijin was around 130-160 yuan/mt. The price in Tianjin had a discount of 40 yuan/mt compared to Shanghai prices.

Zinc prices have remained volatile last week, and downstream enterprises have made limited purchases at prices near 20,100 yuan/mt. The market continued to see weak trading, making it difficult for premiums to remain firm. Market quotations relatively diverged last week, with widening price differences between brands.

It is expected that there will still be upward pressure on premiums this week, but the downward trend may slow down.

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