Tianjin Zinc Market: Zinc Prices Rose, Traders Reluctant to Sell

The mainstream transaction prices for 0# zinc ingots in Tianjin were 24,580-25,140 yuan/mt, Zijin traded at 24,640-25,210 yuan/mt, and Huludao was quoted at 28,230 yuan/mt. Ordinary 0# zinc for the 2406 contract had a discount of 80-100 yuan/mt, Zijin had a discount of 10-40 yuan/mt, and Tianjin price was 20 yuan/mt lower than Shanghai. By midday, ordinary brands Chihong had a discount of 80-100 yuan/mt for the 2406 contract, Hongye had a discount of 80-90 yuan/mt, Xinzi had no quote, Bailing had a discount of 90-100 yuan/mt, and Kazakhstan zinc had no quote. High-priced brand Zijin had a discount of 10-40 yuan/mt for the 2406 contract. Zinc prices rose today, downstream buyers were hesitant to purchase at high prices, traders were reluctant to sell, and overall market transactions were poor. 1# zinc ingots traded at 24,560-25,110 yuan/mt.