[Tianjin Zinc: Futures Market Continues to Rise, Poor Market Transactions]: The mainstream transaction price of #0 zinc ingot in the Tianjin market was 24,060-24,210 yuan/mt, Zijin traded at 24,130-24,230 yuan/mt, and #1 zinc ingot traded around 23,970-24,070 yuan/mt. Huludao was quoted at 27,510 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 30 to a premium of 30 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 40-50 yuan/mt against the 2504 contract. The Tianjin market was quoted at a discount of around 10 yuan/mt compared to the Shanghai market.
SMM March 13 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were at 24,060-24,210 yuan/mt, Zijin traded at 24,130-24,230 yuan/mt, and #1 zinc ingot traded around 23,970-24,070 yuan/mt. Huludao was quoted at 27,510 yuan/mt. #0 zinc ordinary was quoted at a discount of 30 to a premium of 30 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 40-50 yuan/mt against the 2504 contract. The Tianjin market was quoted at a discount of 10 yuan/mt compared to the Shanghai market. By the midday close, New Zijin was quoted at a premium of 20-30 yuan/mt against the 04 contract, West Mine was quoted at a discount of 10-30 yuan/mt, Bailing was quoted at 40 yuan/mt, and the high-end brand Zijin was quoted at a premium of 40-50 yuan/mt against the 04 contract. The futures market continued to rise today, downstream buyers were cautious due to high prices, focusing mainly on restocking for immediate needs, with low purchasing enthusiasm. After the end of environmental protection measures, downstream orders improved slightly, but most large factories prioritized fulfilling long-term contracts. Meanwhile, traders were actively selling but maintained a firm stance on quotes, resulting in overall poor market transactions.