Tianjin Zinc: Zinc Prices Consolidate at Highs, Downstream Inquiries Nearly Zero [SMM Noon Review]

On August 25, SMM reported: In the Tianjin market, #0 zinc ingot mainly traded at 25,840~26,020 yuan/mt, Zijin traded at 25,990~26,110 yuan/mt, #1 zinc ingot traded at around 25,840~25,950 yuan/mt, Zijin reported a premium of 30~50 yuan/mt against the 2609 contract, Huxin reported 27,210 yuan/mt, #0 zinc ingot reported a discount of 40~120 yuan/mt against the 2609 contract, and the Tianjin market reported a discount of around 50 yuan/mt against the Shanghai market. As of the noon close, the high-priced brand Zijin had a premium of about 30~50 yuan/mt against the 2609 contract, Xinzi reported a discount of 70 yuan/mt against the 2609 contract. Today, the refined zinc purchase sentiment in the Tianjin area was 1.75, and the shipment sentiment was 2.46. Futures continued to consolidate at highs, downstream users found the prices relatively unacceptable, and there were hardly any inquiries today, mainly consuming inventory. Traders' premiums for shipments remained stable, and overall market transactions were poor today.