SMM4, 21 March:
The mainstream transaction of zinc ingots in Tianjin market was 15980-17280 yuan / ton, and that of ordinary brands was 15980-16120 yuan / ton. The contract for 2005 rose from 250 yuan / ton to 350 yuan / ton. Tianjin market rose from 120 yuan / ton to 140 yuan / ton compared with Shanghai market. Zinc fell sharply in Shanghai today. In the spot market, the discount quotation was upgraded and the quotation was divided. The ordinary brand lark reported a rise of 230 yuan / ton on the 05 contract, and 320 yuan / ton on the 05 contract. Chi Hong reported 250 yuan / ton on the 05 contract, and Zijin, a high-priced brand, reported 350 yuan / ton on the May contract. Today, zinc prices broke down, traders raised discount water delivery, however, due to the downstream for short-term prices to maintain bearish sentiment, the willingness to receive goods is not good, before the close of early trading traders cut discount quotation, each variety has 20-30 yuan / ton downgrade; downstream, after today's price plunge, purchasing willingness has not seen a significant improvement, still maintain the need to purchase, among them Zijin transaction is better. On the whole, the transaction today is flat compared with yesterday. The transaction of zinc ingot is near 15930-16070 yuan / ton.