Tianjin Zinc: Downstream Mostly Adopts a Wait-and-See Attitude, Overall Transactions Are Average [SMM Midday Review]

게시됨: Feb 24, 2025 11:30
[Tianjin Zinc: Downstream Mostly Observing, Overall Transactions Average]: The mainstream transaction price of #0 zinc ingot in the Tianjin market was 23,870-24,070 yuan/mt, Zijin traded at 23,900-24,080 yuan/mt, and #1 zinc ingot traded around 23,790-23,960 yuan/mt. Huludao was quoted at 27,310 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 0-40 yuan/mt against the 2503 contract, while Zijin was quoted at a discount of 10 yuan/mt to a premium of 10 yuan/mt against the 2503 contract. The Tianjin market was at a discount of 10 yuan/mt compared to the Shanghai market...
SMM February 24 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were at 23,870-24,070 yuan/mt, Zijin traded at 23,900-24,080 yuan/mt, and #1 zinc ingot traded around 23,790-23,960 yuan/mt. Huludao was quoted at 27,310 yuan/mt. #0 zinc ordinary was quoted at a discount of 0-40 yuan/mt against the 2503 contract, Zijin was quoted at a discount of 10 to a premium of 10 yuan/mt against the 2503 contract, and Tianjin was at a discount of 10 yuan/mt compared to Shanghai. By the midday close, Xinzi was quoted at a discount of 0-30 yuan/mt against the 03 contract, Xikang at a discount of 0-40 yuan/mt, Bailing (delivered) at 20 yuan/mt, and high-priced brand Zijin at a discount of 10 to 10 yuan/mt against the 03 contract. The futures market pulled back slightly today, but downstream buyers remained cautious with low purchasing willingness, focusing mainly on restocking for rigid demand or consuming inventory. Traders showed relatively small willingness to further lower premiums and discounts, with overall premiums remaining relatively stable. The overall market transactions were moderate.

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