Tianjin Zinc: Zinc Prices Remain Stable, Trading Primarily Among Traders [SMM Midday Review]

SMM March 27 News: In the Tianjin market, the mainstream transaction price of #0 zinc ingot was 24,040-24,210 yuan/mt, Zijin traded at 24,140-24,260 yuan/mt, #1 zinc ingot traded around 23,960-24,050 yuan/mt, Huludao quoted at 27,450 yuan/mt. The premium of #0 zinc ingot against the 2504 contract was around a discount of 40 yuan/mt to a premium of 50 yuan/mt, Zijin quoted a premium of 60-100 yuan/mt against the 2504 contract, and the Tianjin market quoted a discount of around 10 yuan/mt against the Shanghai market. As of the midday close, Xin Zijin quoted a premium of 30-60 yuan/mt against the 04 contract, factory delivery to Xikuang quoted a discount of 0-40 yuan/mt against the 04 contract, Bailing delivery quoted around 50 yuan/mt against the 05 contract, and the high-priced brand Zijin quoted a premium of 60-100 yuan/mt against the 04 contract. Today, zinc prices remained volatile, downstream procurement enthusiasm was not high, with restocking mainly for rigid demand, traders actively shipped goods, and transactions were mainly among traders, with overall trading being moderate.