SMM August 29 news: Spot premiums in Tianjin remained stable this week, flat WoW. As of Friday, domestic standard brands were quoted at discounts of 30-50 yuan/mt against the 2509 contract, while premium brands were quoted at discounts of 0-20 yuan/mt against the same contract. The Tianjin market maintained a discount of around 20 yuan/mt against Shanghai. Downstream purchasing sentiment in Tianjin was generally subdued this week due to production restrictions and transport limitations. Zinc prices pulled back slightly toward the week's end to levels more acceptable to downstream buyers, who took advantage of the dip to fix prices. However, shipments were temporarily constrained, with most deliveries expected in early September. Tianjin zinc ingot inventory increased, while traders' overall premiums/discounts for spot cargoes held steady. Premiums are expected to decline next week.
