Tianjin Zinc Ingot Premium Edged Up [SMM Tianjin Spot Zinc Weekly Review]

Published: Apr 24, 2026 14:41

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[Tianjin Zinc Ingot Spot Premiums Edged Up]: Spot premiums in the Tianjin area edged up this week, up 10 yuan/mt WoW. As of this Friday, domestic ordinary brands were quoted at a discount of around 50-120 yuan/mt against the 2605 contract, premium brands at a discount of around 0-40 yuan/mt against the 2605 contract, and Tianjin at a discount of around 50 yuan/mt against Shanghai.

SMM April 24: Spot premiums in Tianjin edged up this week, up 10 yuan/mt WoW. As of this Friday, ordinary brands were quoted at discounts of 50-120 yuan/mt against the 2605 contract, premium brands at discounts of 0-40 yuan/mt against the 2605 contract, and Tianjin at a discount of around 50 yuan/mt against Shanghai. Zinc prices rallied and then fluctuated at highs this week. Downstream consumption was moderate, and high zinc prices made downstream buyers cautious about purchasing, with limited spot pricing and cargo pick-up. Trading was mainly among traders. Traders still offered ordinary brands at large discounts, but amid export expectations, traders showed some willingness to hold prices firm. It is expected that downstream buyers will stockpile slightly ahead of the Labour Day holiday next week, and spot premiums will continue to edge up.

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