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Premiums in Tianjin Remained Steady with Moderate Downstream Transactions [SMM Tianjin Zinc Spot Weekly Review]

  • Mar 21, 2025, at 2:14 pm
Premiums in Tianjin Stable, Downstream Transactions Moderate: This week, spot premiums in the Tianjin area remained stable, flat WoW. As of this Friday, domestic regular brands were at a discount of 20 to a premium of 50 yuan/mt against the 2504 contract, while high-end brands were quoted at a premium of 50-80 yuan/mt against the 2504 contract. The market in Tianjin was at a discount of 10 yuan/mt against the Shanghai market.
SMM reported on March 21: This week, spot premiums in the Tianjin area remained stable, flat WoW. As of this Friday, domestic common brands were at a discount of 20 to a premium of 50 yuan/mt against the 2504 contract, while high-end brands were quoted at a premium of 50-80 yuan/mt against the 2504 contract. The Tianjin market was at a discount of 10 yuan/mt against the Shanghai market. Zinc prices pulled back from highs during the week, reaching a more acceptable psychological price level for downstream buyers. Coupled with improved downstream consumption, there was an increase in low-price pick-ups by downstream buyers. The pace of spot arrivals was slightly slower, and social inventory in Tianjin decreased. Traders' selling prices were relatively firm, and trading among traders was active. Overall, transactions this week were moderate. It is expected that premiums will remain stable next week.
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