Tianjin Zinc: Contract rollover quoted today, market transactions were average [[SMM Midday Review]]

SMM, May 6: In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,850-23,160/mt, with Zijin transactions at RMB 22,900-23,180/mt. Transactions for #1 zinc ingot were around RMB 22,230-22,470/mt, while Huludao was quoted at RMB 26,220/mt. The premium for ordinary #0 zinc against the 2506 contract was around RMB 500-580/mt, with Zijin quoting a premium of RMB 550-600/mt against the 2506 contract. The Tianjin market premium against the Shanghai market was around RMB 40/mt. By the close of the morning session, Xinzhi was quoted at a premium of RMB 500-580/mt against the 06 contract, while Xikuang had no immediate quote for its premium against the 06 contract. Chihong was quoted at a premium of around RMB 200/mt against the 05 contract, and the high-end brand Zijin was quoted at a premium of around RMB 550-600/mt against the 06 contract. The futures market continued to operate with volatile fluctuations. Downstream buyers took more Labour Day holidays, and on the first day after the holiday, they mainly adopted a wait-and-see attitude. Some buyers restocked based on immediate needs or waited for the arrival of new long-term contracts. Today, contract rollover quotes were provided, and traders' quotes remained relatively stable, with overall trading activity being moderate.