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Tianjin Zinc: Futures Market Pulled Back, Trading Improved Compared to Yesterday [SMM Midday Review]

iconFeb 25, 2025 11:45
[Tianjin Zinc: Futures Pulled Back, Transactions Improved Compared to Yesterday]: The mainstream transaction prices of #0 zinc ingot in the Tianjin market were 23,540-23,690 yuan/mt, Zijin traded at 23,570-23,710 yuan/mt, and #1 zinc ingot traded around 23,450-23,580 yuan/mt. Huludao was quoted at 26,960 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 0-40 yuan/mt against the 2503 contract, while Zijin was quoted at a premium of 0-20 yuan/mt against the 2503 contract. The Tianjin market was at a discount of 20 yuan/mt compared to the Shanghai market...
SMM February 25 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were at 23,540-23,690 yuan/mt, Zijin traded at 23,570-23,710 yuan/mt, and #1 zinc ingot traded around 23,450-23,580 yuan/mt. Huludao was quoted at 26,960 yuan/mt. #0 zinc ordinary was quoted at a discount of 0-40 yuan/mt against the 2503 contract, while Zijin was quoted at a premium of 0-20 yuan/mt against the 2503 contract. The Tianjin market was at a discount of 20 yuan/mt compared to the Shanghai market. As of the midday close, New Zijin was quoted at a discount of 0-20 yuan/mt against the 03 contract, Xikang delivered was quoted at a discount of 30-50 yuan/mt against the 03 contract, Bailing was quoted at a discount of 10 yuan/mt against the 03 contract, and high-priced brand Zijin was quoted at a premium of 0-20 yuan/mt against the 03 contract. The futures market pulled back significantly today. During the morning session, downstream purchasing on a pricing basis was active, and downstream restocking took place. Traders raised premiums to sell, but demand did not show substantial improvement. Subsequently, transactions weakened, and premiums struggled to rise. After a slight increase, premiums stabilized, and overall market transactions improved compared to yesterday.
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