SMM: Stok Ingot Seng Tidak Berubah dari 20 Juli, Sedikit Turun dari 23 Juli

[Tianjin Zinc: Futures Surge, Downstream Cautious on High Prices] In Tianjin market, #0 zinc ingot mainly traded around 24,620-24,790 yuan/mt, Zijin traded around 24,760-24,870 yuan/mt, #1 zinc ingot traded near 24,620-24,730 yuan/mt. Zijin was quoted at a premium of 20-30 yuan/mt against the 2608 contract, and Huxin was quoted at 26,085 yuan/mt. #0 zinc ingot was quoted at a discount of 50-120 yuan/mt against the 2608 contract, while Tianjin market was quoted at a discount of 95 yuan/mt against Shanghai.

[Shanghai Zinc: Trader Offers Firm, Premiums Stable MoM] Today, mainstream transaction prices of #0 zinc were concentrated in the range of 24,760-24,870 yuan/mt, Shuangyan mainstream transactions at 24,900-25,000 yuan/mt, and #1 zinc mainstream transactions at 24,690-24,800 yuan/mt. In early trading, the market quoted premiums of 10-30 yuan/mt against SMM average price for cargoes with invoices dated next month, with no quotes against the futures prices yet...

[Ningbo Zinc: Downstream Largely on the Sidelines, Overall Spot Trades Sluggish] Transaction prices of mainstream brand 0# zinc in Ningbo were around 24,760-24,860 yuan/mt. Regular brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2608 contract and at a premium of 15 yuan/mt against Shanghai spot cargoes. Quotations in Ningbo were mainly against the 2608 contract...