Tianjin Zinc: Zinc Prices Slightly Rebounded, Trading Weakened [SMM Midday Review]

SMM reported on April 17: In the Tianjin market, the mainstream transaction price of #0 zinc ingot ranged from 22,450 to 22,890 yuan/mt, Zijin traded at 22,650 to 22,920 yuan/mt, #1 zinc ingot traded around 22,030 to 22,310 yuan/mt, Huludao quoted at 25,840 yuan/mt. The premium of #0 zinc ingot against the 2505 contract was around 300 to 470 yuan/mt, Zijin's premium against the 2505 contract was around 500 yuan/mt, and the premium in Tianjin against Shanghai was around 100 yuan/mt. By the close of the morning session, the premium of new Zijin against the 05 contract was around 470 to 480 yuan/mt, the premium of Xikuang delivery against the 05 contract was around 300 yuan/mt, the premium of Chihong #1 against the 2505 contract was around 200 yuan/mt, and the premium of high-priced brand Zijin against the 05 contract was around 500 yuan/mt. Today, zinc prices rebounded slightly, but some downstream buyers had already priced and restocked last night, and downstream buyers still had a bearish sentiment. Enterprises mainly restocked based on rigid demand, traders still stood firm on quotes, premiums continued to fluctuate at highs, and overall transactions were weaker than yesterday.