Tianjin Zinc: Zinc Prices Fluctuate Downward, Trading Weaker Than Yesterday [SMM Midday Review]

SMM April 1: In the Tianjin market, the mainstream transaction price of #0 zinc ingot was 23,430-23,700 yuan/mt, Zijin traded at 23,590-23,770 yuan/mt, #1 zinc ingot traded around 23,330-23,510 yuan/mt, Huludao quoted at 26,940 yuan/mt. The premium of #0 zinc ingot against the 2505 contract was around a discount of 20 yuan/mt to a premium of 80 yuan/mt, Zijin against the 2505 contract was around a premium of 100-150 yuan/mt, and the Tianjin market quoted a discount of around 10 yuan/mt against the Shanghai market. By the close of the morning session, Xin Zijin quoted a premium of 80-100 yuan/mt against the 05 contract, factory delivery to West Mine quoted a discount of 0-20 yuan/mt against the 05 contract, and the high-priced brand Zijin quoted a premium of 100-150 yuan/mt against the 05 contract. Today, zinc prices fluctuated downward, downstream purchases were active in the previous two days, but today's purchasing enthusiasm decreased. Shipments were good in the previous two days, Tianjin inventory declined, traders' quotations rose, and transactions were mainly among traders, with overall transactions weaker than yesterday.