Zinc in Tianjin: High Zinc Prices Weigh on Market Transactions

Published: Jan 31, 2023 14:41

Save

In Tianjin, #0 zinc ingot was mostly traded at 24,250-24,350 yuan/mt, Zijin zinc at 24,250-24,380 yuan/mt, and Huludao zinc at 29,080 yuan/mt. In terms of premium/discount, #0 zinc was in premiums of 90-120 yuan/mt over SHFE 2302 contract, Zijin zinc was 60-120 yuan/mt, and -60 yuan/mt over Shanghai.

SHANGHAI, Jan 31 (SMM) - In Tianjin, #0 zinc ingot was mostly traded at 24,250-24,350 yuan/mt, Zijin zinc at 24,250-24,380 yuan/mt, and Huludao zinc at 29,080 yuan/mt. In terms of premium/discount, #0 zinc was in premiums of 90-120 yuan/mt over SHFE 2302 contract, Zijin zinc was 60-120 yuan/mt, and -60 yuan/mt over Shanghai. The zinc prices remained rangebound at high today, and the quotations fell into a large price range. As of noon of January 31, spot discounts of regular brand Chihong stood at 80-120 yuan/mt over SHFE 2302, Hongye were 90-120 yuan/mt, and high-priced Zijin recorded 60-120 yuan/mt; there were no quotes for Hongye. HZ (free from ex-works) was out of stock. The traders mostly quoted with discounts as zinc price was high. Downstream players were cautious in purchasing, and the overall transactions were muted. #1 zinc ingot generally traded between 24,180-24,240 yuan/mt.

Spot

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

US Dollar Index Strengthened, LME Zinc Came Under Pressure and Edged Lower [SMM Zinc Morning Meeting Summary]

[SMM Morning Zinc Briefing: Stronger US Dollar Index Put LME Zinc Under Pressure and Slightly Lower]: Overnight, LME zinc opened at $3,095/mt. After the opening, LME zinc fluctuated downward along the daily average line, hitting an intraday high of $3,097/mt. Near the close, LME zinc fell to a low of $3,027/mt, and finally closed down at $3,038.5/mt, down $64.5/mt, a decline of 2.08%, while trading volume decreased to 11,298 lots...

2 hours ago

Persistent Macro Uncertainty Continued to Weigh on SHFE Zinc, Which Remained in the Doldrums [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: Persistent Macro Uncertainty Continued to Weigh on SHFE Zinc, Which Remained in the Doldrums] Overnight, the most-traded SHFE zinc 2605 contract opened at 22,875 yuan/mt. During the night session, SHFE zinc fluctuated above the daily average line, touched an intraday high of 22,970 yuan/mt, and dipped to 22,835 yuan/mt near the close, before ending down at 22,880 yuan/mt, down 95 yuan/mt, or 0.41%..

2 hours ago

19 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

19 hours ago