SMM reported on August 15: This week, spot premiums in the Tianjin region have declined, falling by approximately 20 yuan/mt WoW. As of Friday this week, domestic common brands were quoted at discounts of 30-50 yuan/mt against the 2509 contract, while high-priced brands were quoted at discounts of 10-20 yuan/mt against the 2509 contract. The Tianjin market was quoted at a discount of around 10 yuan/mt against the Shanghai market. At the beginning of this week, zinc prices continued to fluctuate at highs, with downstream enterprises concerned about subsequent environmental protection-related production suspensions, leading to weak restocking sentiment. As a result, zinc ingot inventory in Tianjin saw a significant buildup. Traders continuously lowered premiums to facilitate sales. Subsequently, zinc prices pulled back, and downstream enterprises restocked based on immediate needs, with traders maintaining stable premiums for sales. It is expected that premiums may continue to decline next week.
