Tianjin Zinc: Some enterprises restocked at lows, with premiums rising slightly [SMM Midday Review]

SMM, May 26: In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 22,540-22,730/mt, with Zijin transactions at RMB 22,600-22,760/mt, and #1 zinc ingot transactions at around RMB 22,220-22,370/mt. Huludao was quoted at RMB 25,930/mt. Regular #0 zinc was quoted at a premium of RMB 200-250/mt against the 2506 contract, while Zijin was quoted at a premium of RMB 260-280/mt against the 2506 contract. The Tianjin market was quoted at parity with the Shanghai market. By the close of the morning session, Xinzi was quoted at a premium of around RMB 200-230/mt against the 06 contract, Hongye was quoted at around RMB 250/mt against the 06 contract, and premium brands like Zijin were quoted at a premium of around RMB 260-280/mt against the 06 contract. The futures market pulled back slightly, with some enterprises pricing at low points. Morning transactions were moderate, but later transactions were sluggish. Traders had a mindset of refusing to budge on prices in their offers today, leading to a slight increase in premiums. Traders dominated the trading, with overall market transactions being average.