Tianjin Zinc: Zinc Prices Pull Back, Market Transactions Improve Compared to Yesterday [SMM Midday Review]

SMM March 28 News: In the Tianjin market, the mainstream transactions of #0 zinc ingot were at 23,670-23,930 yuan/mt, Zijin transactions were at 23,790-23,980 yuan/mt, #1 zinc ingot transactions were around 23,590-23,770 yuan/mt, Huludao reported at 27,150 yuan/mt. #0 zinc ordinary was reported at a discount of 40 to a premium of 50 yuan/mt against the 2504 contract, Zijin was reported at a premium of 80-100 yuan/mt against the 2504 contract, and the Tianjin market was reported at a discount of 10 yuan/mt against the Shanghai market. As of the midday close, Xinzi was reported at a premium of 30-60 yuan/mt against the 04 contract, factory delivery to Xikuang was reported at a discount of 0-40 yuan/mt against the 04 contract, Bailing delivery was reported at around 80 yuan/mt against the 05 contract, and high-priced brand Zijin was reported at a premium of 80-100 yuan/mt against the 04 contract. Zinc prices pulled back significantly today, and the early session did not reach the acceptable level for downstream users, resulting in a quiet market. Subsequently, zinc prices continued to decline, and traders actively sold goods. Zinc prices reached the psychological level of some downstream users, and traders' offers slightly increased. Overall transactions improved compared to yesterday.