Zinc in Tianjin: Trades Picked up with Market Inquiries Improving

Published: Feb 2, 2023 14:42

Save

Zinc prices dropped compared with the previous day, which has encouraged some downstream enterprises to purchase. The market inquiries picked up, and the overall trading market has revived to some extent.

SHANGHAI, Feb 2 (SMM) - In Tianjin, #0 zinc ingot was mostly traded at 24,040-24,200 yuan/mt, Zijin zinc at 24,060-24,210 yuan/mt, and Huludao zinc at 28,870 yuan/mt. In terms of premium/discount, #0 zinc was in discounts of 80-130 yuan/mt over SHFE 2303 contract, Zijin zinc was 70-120 yuan/mt, and 40 yuan/mt over Shanghai.

The zinc prices fell today, and the quotations fell into a large price range. As of noon of February 2, spot discounts of regular brand Chihong stood at 100-130 yuan/mt over SHFE 2303, Hongye were 90-120 yuan/mt, Bailing recorded 110 yuan/mt, and high-priced Zijin were 70-120 yuan/mt; HZ (free from ex-works) was out of stock.

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

24 mins ago

Volkswagen Is Expected to Cut 50,000 Jobs in Germany Before 2030

[Volkswagen Plans to Cut 50,000 Jobs in Germany by 2030] Volkswagen Group also announced on March 10 that it is expected to cut 50,000 jobs by 2030, mainly affecting employees in Germany and covering all brands under the group, including Volkswagen, Audi, Porsche, and Skoda. The latest layoff figure increased by about 43 compared with the company's previously announced 35,000 job cuts.

24 mins ago

25 mins ago

Volkswagen’s Operating Profit Plunged 53% in 2025, With 2026 Still Looking Grim

[Volkswagen Group's 2025 Operating Profit Plunged 53%] Germany's Volkswagen Group announced on March 10 that group revenue in 2025 was 322 billion euros, almost stable compared with 324.7 billion euros in 2024; however, operating profit plunged 53% YoY from 2024 to 8.9 billion euros, mainly due to US tariff policies, exchange-rate fluctuations, and strategic adjustments at Porsche, one of its subsidiaries. Volkswagen Group said that, as US tariff issues and competitive pressure in China still persisted, it expected to continue facing a severe situation in 2026. Revenue this year was expected to edge up by 0% to 3%, with the operating margin at between 4% and 5.5%.

25 mins ago

3 hours ago

SHFE Zinc Center Moved Lower; Focus on Today's Inventory Performance [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] The most-traded SHFE zinc 2604 contract opened lower with a gap at 24,245 yuan/mt. In early trading, SHFE zinc fluctuated and dipped to 24,095 yuan/mt. Subsequently, as bears reduced open interest, SHFE zinc gradually rose above the daily average line, touched a high of 24,385 yuan/mt near the close, and finally closed down at 24,375 yuan/mt, down 10 yuan/mt, or 0.04%. Trading volume decreased to 54,485 lots, and open interest increased by 94 lots to 74,314 lots.

3 hours ago