SMM, May 30: This week, spot premiums in the Tianjin region declined slightly, falling by approximately 5 yuan/mt WoW. As of Friday this week, domestic common brands were quoted at premiums of 150-230 yuan/mt against the 2506 contract, while high-priced brands were quoted at premiums of 230-260 yuan/mt against the 2506 contract. The Tianjin market was quoted at a premium of around 10 yuan/mt against the Shanghai market. Zinc prices rebounded slightly during the week, while downstream consumption continued to weaken. Most enterprises took 1-2 days off for the Dragon Boat Festival, resulting in poor demand. Downstream procurement enthusiasm was low, with enterprises mainly restocking based on immediate needs and making small purchases at low prices. Traders' premiums and discounts for selling were relatively firm, and trading activity among traders was brisk. Overall, transactions were sluggish this week. It is expected that premiums may rise during contract rollover next week.
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