SMM Flash: Tianjin Spot Zinc Premium Narrows, Futures Market Fluctuates, and Transactions Remain Weak

Published: Apr 24, 2025 13:40

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【SMM Flash】According to SMM, today the spot zinc ingot in Tianjin was quoted at a premium of around 70 yuan/mt against Shanghai, with the price spread between Shanghai and Tianjin narrowing. As of the midday close, Xizi was quoted at a premium of 330-340 yuan/mt against the May contract, Xikuang at 240-280 yuan/mt, Chihong at 330-340 yuan/mt, Hongye at around 400 yuan/mt, and the high-priced brand Zijin at 400-430 yuan/mt. The futures market continued to fluctuate at highs, with downstream purchasing enthusiasm remaining low and a wait-and-see attitude towards prices prevailing. Arrivals in Tianjin gradually eased, and traders continuously lowered premiums and discounts to facilitate sales, leading to a decline in premiums and overall poor transactions.

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