Spot premiums in Tianjin zinc market fell sharply

SHANGHAI, Sep 26 (SMM) - In Tianjin, #0 zinc ingot was mostly traded at 22340~22720 yuan/mt, Zijin zinc 22490~22790 yuan/mt, and Huludao zinc 27190 yuan/mt. In terms of premium/discount, #0 zinc was quoted with premiums of 350~440 yuan/mt over SHFE 2310 contract, Zijin zinc 500 yuan/mt, and 210 yuan/mt over Shanghai prices.

As of noon of September 26, spot premiums of ordinary brand Chihong stood at 350~410 yuan/mt over SHFE 2310 zinc contract, Bailing 410 ~ 450 yuan/mt, Qinxin zinc 370 yuan/mt, Kazakhstan zinc 180 yuan/mt (delivery in warehouse), and high-priced brand Zijin 350 yuan/mt.

Zinc prices are on the strong side today, with premiums falling sharply, but transactions were still weak. #1 zinc ingot prices were 22140~22460 yuan/mt today.