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Tianjin Zinc Market: Poor downstream demand, overall average transactions 

iconJun 26, 2024 17:42
Source:SMM
The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,490~23,730 yuan/mt, Zijin was traded at 23,540~23,760 yuan/mt, and Huludao was quoted at 26,950 yuan/mt.

The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,490~23,730 yuan/mt, Zijin was traded at 23,540~23,760 yuan/mt, and Huludao was quoted at 26,950 yuan/mt. The ordinary 0# zinc was quoted at a discount of 0~50 yuan/mt against the 2407 contract, Zijin was quoted at a premium of 0~30 yuan/mt against the 2407 contract, and Tianjin had a premium of 10 yuan/mt over Shanghai prices. By the midday close, the ordinary brand Chihong was quoted at a discount of 30~50 yuan/mt against the 07 contract, Hongye was quoted at a discount of 0~30 yuan/mt against the 07 contract, Xinzi was quoted at a discount of 30~40 yuan/mt against the 07 contract, Bailing had no quotation for the 07 contract, and the high-priced brand Zijin was quoted at a premium of 0~30 yuan/mt against the 07 contract. Today, zinc prices fluctuated, downstream demand was poor. Traders were actively shipping, but overall transactions were average. 1# zinc ingot was traded at around 23,420~23,620 yuan/mt.

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