Zinc Prices Fluctuate at Highs, Shanghai-Tianjin Price Spread Widens [SMM Tianjin Spot Zinc Weekly Review]

Published: Apr 3, 2026 15:25

Save

[Zinc Prices Fluctuated at Highs, Shanghai-Tianjin Price Spread Widened]: Spot premiums in Tianjin rose slightly this week, up 10 yuan/mt WoW. As of this Friday, in China, mainstream brands were quoted at discounts of around 80-120 yuan/mt against the 2605 contract, high-priced brands at discounts of around 60-90 yuan/mt against the 2605 contract, and Tianjin was quoted at a discount of around 50 yuan/mt against Shanghai, with the Shanghai-Tianjin price spread widening.

SMM News, April 3: Spot premiums in Tianjin rose slightly this week, up 10 yuan/mt WoW. As of this Friday, discounts of around 80-120 yuan/mt were quoted by mainstream domestic brands against the 2605 contract, while high-priced brands were quoted at discounts of around 60-90 yuan/mt against the 2605 contract. Tianjin was quoted at a discount of around 50 yuan/mt against Shanghai, and the Shanghai-Tianjin price spread widened. Zinc prices fluctuated at highs this week, with limited downstream pricing activity. Zinc ingot booked at fixed prices earlier arrived successively, and zinc ingot arrivals in Tianjin also increased steadily. Overall market transactions were weak, while traders were relatively active in trading, and spot premiums for trader shipments remained firm. Premiums are expected to edge down slightly next week as arrivals in Tianjin continue to increase.

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 to learn 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

13 hours ago

Southwest China Mine Resumes Zinc Concentrate Production, Output to Rise by Over 500 mt in April

[Zinc Concentrate Production] According to SMM, a mine in Southwest China resumed production and operations in early March. As output increases in April, zinc concentrates output is expected to rise by more than 500 mt in metal content MoM.

13 hours ago

North China Mine Resumes Zinc Concentrate Production, Aims for 1,000 mt Increase in April

[Zinc Concentrate Production] According to SMM, a mine in North China resumed production and operations in mid-March, and plans to continue ramping up production in April, which is expected to increase zinc concentrates output by around 1,000 mt in metal content MoM.

13 hours ago

Central China Mine to Suspend Zinc Production for Maintenance, Reducing Output by 500 mt in April

[Zinc Concentrate Production] According to SMM, a mine in Central China plans to suspend production for a short period for maintenance in April, which is expected to reduce zinc concentrates output by around 500 mt in metal content MoM.

13 hours ago