SMM November 14 News: Spot premiums in the Tianjin area rose slightly this week, up about 20 yuan/mt WoW. As of Friday, domestic common brands were quoted at a discount of around 0–80 yuan/mt against the 2512 contract, while premium brands were quoted at a premium of around 130 yuan/mt against the 2512 contract. Tianjin market was quoted at a discount of around 40 yuan/mt against the Shanghai market. Zinc prices fluctuated at highs this week and pulled back towards the weekend. Overall November consumption still fell short of expectations, with downstream players mostly adopting a wait-and-see stance, mainly digesting inventories or relying on long-term contracts, and restocking only for rigid demand. Traders offered fewer quotes this week, with a mentality to hold prices firm, leading to a slight rise in premiums and discounts. Premiums are expected to drop back slightly following delivery.
