Tianjin Zinc Ingot Premium Slightly Increased [SMM Tianjin Spot Zinc Weekly Review]

Published: May 29, 2026 15:24

Save

[Tianjin Zinc Ingot Premiums Edged Up]: Spot premiums in the Tianjin area rose this week, edging up 5 yuan/mt WoW. As of this Friday, domestic regular brands were quoted at a discount of 50-80 yuan/mt against the 2606 contract, premium brands at a discount of 0-30 yuan/mt against the 2606 contract, and Tianjin at a discount of around 90 yuan/mt against Shanghai.

SMM May 29: Spot premiums in Tianjin rose this week, edging up 5 yuan/mt WoW. As of this Friday, ordinary brands were at a discount of 50-80 yuan/mt against the 2606 contract, premium brands were at a discount of 0-30 yuan/mt against the 2606 contract, and Tianjin was at a discount of approximately 90 yuan/mt against Shanghai. Zinc prices continued to fluctuate at highs this week, with downstream consumption being mediocre, orders being weak, and procurement mainly driven by rigid restocking demand. Tianjin inventory remained relatively high, and traders' shipment premiums held largely stable. Spot premiums are expected to edge up slightly next week due to contract rollover.

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

Zinc calcine processing fees edged down in May—how will they trend in June?[SMM Analysis]

Zinc calcine processing fees edged down in May—how will they trend in June?

13 hours ago

14 hours ago

East China Zinc Market Sees High Inventory, Weak Consumption Amid Price Fluctuations

[East China refined zinc market] According to SMM, zinc ingot inventory in east China remained elevated, with ample overall supply in the market. However, downstream zinc consumption was gradually weakening. Coupled with zinc futures prices fluctuating at highs during the week, spot zinc ingot transactions in the market performed poorly.

14 hours ago

Zinc Concentrates Market Sees Declining Prices, Low Trading Activity for Imports

[Imported zinc concentrates market] According to SMM, this week few ore traders made offers in the market, and prices continued to decline. Meanwhile, smelters still prioritized purchasing domestic zinc concentrates due to the low import-to-domestic price ratio, and trading activity in the imported ore market was generally subdued during the week.

14 hours ago