SMM4, 8 March:
The mainstream transaction of zinc ingots in Tianjin market was 15780-17330 yuan / ton, and that of ordinary brands was 15780-15840 yuan / ton. The contract for 2004 rose by 90 yuan / ton to 120 yuan / ton. Compared with Shanghai stock market, Tianjin kept rising from 20 yuan / ton to 40 yuan / ton. Today, Shanghai zinc weakened, the spot market up discount quotation, the quotation is more unified, the ordinary brand red Ye lark and so on in the 04 contract bid up 100 yuan / ton near, Chi Hong reported in the 04 contract rose 90 yuan / ton near, the high price brand Zijin reported 120 yuan / ton to the April contract. Today, traders raised their discount quotations, as smelters handed in long orders at the beginning of the month, resulting in a smaller volume of goods circulating to the spot market and a stronger willingness of traders to offer prices. After zinc prices fell today, downstream enterprises' willingness to inquire was better than yesterday and kept just in need of procurement. Overall, transactions today are better than yesterday. The transaction of zinc ingot is near 15730-15790 yuan / ton.