SMM

[Low Purchase Willingness in Downstream, Decline in Premiums in Tianjin]: This week, spot premiums in Tianjin continued to decline, down 30 yuan/mt WoW from the weekly average price. As of this Friday, domestic common brands were quoted at a discount of 40 to a premium of 10 yuan/mt against the 2503 contract, while high-end brands were quoted at a discount of 10 to a premium of 10 yuan/mt against the 2503 contract. The Tianjin market was at a discount of around 20 yuan/mt against the Shanghai market...