Tianjin Zinc: Zinc Prices Fluctuate at High Levels, Trading Dominated by Traders [SMM Midday Review]

Published: Mar 17, 2025 11:50

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[Tianjin Zinc: Zinc Prices Fluctuate at High Levels, Traders Focus on Transactions]: The mainstream transaction prices of #0 zinc ingot in the Tianjin market were 24,080-24,270 yuan/mt, Zijin traded at 24,140-24,290 yuan/mt, and #1 zinc ingot traded around 24,000-24,130 yuan/mt. Huludao was quoted at 27,480 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 40 yuan/mt to a premium of 30 yuan/mt against the 2504 contract, Zijin was quoted at a premium of 20-50 yuan/mt against the 2504 contract, and Tianjin was quoted at a discount of 20 yuan/mt compared to the Shanghai market.

SMM March 17 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were at 24,080-24,270 yuan/mt, Zijin traded at 24,140-24,290 yuan/mt, and #1 zinc ingot traded around 24,000-24,130 yuan/mt. Huludao was quoted at 27,480 yuan/mt. #0 zinc ordinary was quoted at a discount of 40 to a premium of 30 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 20-50 yuan/mt against the 2504 contract. The Tianjin market was quoted at a discount of around 20 yuan/mt compared to the Shanghai market. By the midday close, New Zijin was quoted at a premium of 10-30 yuan/mt against the 04 contract, Xikang was quoted at a discount of 10-40 yuan/mt, Bailing was quoted at a premium of 40 yuan/mt, and high-priced brand Zijin was quoted at a premium of 20-50 yuan/mt against the 04 contract. The futures market mainly fluctuated at high levels today, with downstream buyers mostly adopting a wait-and-see attitude and showing low purchasing enthusiasm, primarily consuming inventory. Trading among traders was relatively active. As the delivery date approached, overall premiums remained stable, and market transactions were relatively poor.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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