Tianjin Zinc: Downstream Purchase Enthusiasm Remains Low, Premium Slightly Declines [SMM Midday Review]

게시됨: Apr 21, 2025 11:44
Tianjin Zinc: Downstream Purchase Enthusiasm Low, Premiums Slightly Decline. In the Tianjin market, the mainstream transaction price for #0 zinc ingot ranged from 22,620 to 22,940 yuan/mt, Zijin traded at 22,830 to 22,980 yuan/mt, #1 zinc ingot traded around 22,230 to 22,360 yuan/mt, Huludao quoted at 25,900 yuan/mt. The premium for #0 zinc ingot against the 2505 contract was around 270 to 470 yuan/mt, Zijin's premium against the 2505 contract was around 480 to 510 yuan/mt, and the premium in Tianjin compared to Shanghai was around 130 yuan/mt.
SMM April 21 News: In the Tianjin market, the mainstream transactions of #0 zinc ingot were at 22,620-22,940 yuan/mt, Zijin transactions were at 22,830-22,980 yuan/mt, #1 zinc ingot transactions were around 22,230-22,360 yuan/mt, Huludao reported at 25,900 yuan/mt. The premium of #0 zinc ingot against the 2505 contract was around 270-470 yuan/mt, Zijin's premium against the 2505 contract was around 480-510 yuan/mt, and the premium of Tianjin market against Shanghai market was around 130 yuan/mt. By the close of the morning session, the premium of new Zijin against the 05 contract was around 430-470 yuan/mt, the premium of Xikuang delivery against the 05 contract was around 270-290 yuan/mt, the premium of Chihong #1 against the 2505 contract was around 180-200 yuan/mt, and the premium of high-priced brand Zijin against the 05 contract was around 480-510 yuan/mt. Today, zinc prices remained volatile, downstream purchasing sentiment was low, enterprises mainly restocked based on rigid demand, with limited transactions. Traders gradually lowered premiums and discounts to facilitate sales, but premiums still fluctuated at highs. Spot supply in Tianjin was tight, and the price spread between Shanghai and Tianjin gradually widened, with overall transactions being moderate.

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Tianjin Zinc: Downstream Purchase Enthusiasm Remains Low, Premium Slightly Declines [SMM Midday Review] - Shanghai Metals Market (SMM)