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Home / Metal News / Tianjin Zinc: Futures Market Rallied, Downstream Cautious of High Prices [SMM Midday Review]

Tianjin Zinc: Futures Market Rallied, Downstream Cautious of High Prices [SMM Midday Review]

iconMar 6, 2025 05:04
Source:SMM
[Tianjin Zinc: Futures Market Rallied, Downstream Cautious Due to High Prices]: The mainstream transaction price of #0 zinc ingot in the Tianjin market was 23,830-24,100 yuan/mt, Zijin traded at 23,910-24,130 yuan/mt, and #1 zinc ingot traded around 23,740-23,950 yuan/mt. Huludao was quoted at 27,350 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 30 to a premium of 40 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 50-70 yuan/mt against the 2504 contract. The Tianjin market was on par with the Shanghai market...
SMM March 6 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were concluded at 23,830-24,100 yuan/mt, Zijin traded at 23,910-24,130 yuan/mt, and #1 zinc ingot traded around 23,740-23,950 yuan/mt. Huludao was quoted at 27,350 yuan/mt. #0 zinc ordinary was quoted at a discount of 30 yuan/mt to a premium of 40 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 50-70 yuan/mt against the 2504 contract. The Tianjin market was on par with the Shanghai market. As of the midday close, Xinzi was quoted at a premium of 30-40 yuan/mt against the 04 contract, Xikeng was quoted at a discount of 20 yuan/mt against the 04 contract, Bailing had no quotes for the 04 contract, and high-end brand Zijin was quoted at a premium of 50-70 yuan/mt against the 04 contract. The futures market surged today, downstream buyers were cautious due to high prices and only restocked for urgent needs, while traders lowered premiums and discounts to facilitate sales. Overall, market transactions were sluggish.

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