Tianjin Zinc: Market is relatively mediocre, with traders dominating transactions [SMM Midday Review]

SMM May 20 News: In the Tianjin market, the mainstream transaction price of #0 zinc ingot was 22,580-22,730 yuan/mt, with Zijin trading at 22,660-22,760 yuan/mt, and #1 zinc ingot trading around 22,260-22,350 yuan/mt. Huludao quoted at 25,970 yuan/mt. The premium of #0 zinc ingot against the 2506 contract was around 200-270 yuan/mt, while Zijin's premium against the 2506 contract was around 280-300 yuan/mt. The Tianjin market quoted a discount of around 20 yuan/mt against the Shanghai market. By the close of the morning session, Chihong quoted a premium of 200-270 yuan/mt against the 06 contract, Xinzi quoted a premium of 260-270 yuan/mt against the 06 contract, Hongye quoted a premium of around 280 yuan/mt against the 06 contract, and the high-priced brand Zijin quoted a premium of around 280-300 yuan/mt against the 06 contract. The futures market remained volatile, with the downstream market being mediocre. Restocking was limited to essential needs, and overall downstream consumption fell short of expectations. Traders maintained stable quotations for today's shipments, with trading dominated by traders, and overall market transactions were average.