Tianjin Zinc: Freight Costs Rise, Premiums Increase [SMM Midday Commentary]
[Tianjin Zinc: Freight Rates Rise, Premiums Move Up] In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 26,400-26,690 yuan/mt, with Zijin transactions at 26,620-26,830 yuan/mt. Transactions for #1 zinc ingot were concluded near 26,380-26,600 yuan/mt. Zijin was quoted at a premium of 120 yuan/mt against the 2610 contract, while Huxin was quoted at 28,115 yuan/mt. #0 zinc ingot was quoted at a discount of 20-100 yuan/mt against the 2610 contract. The Tianjin market was quoted at a discount of 50 yuan/mt against the Shanghai market.