Tianjin Zinc: Contract rollover quotes today, overall trading was weak [SMM Midday Review]

SMM, June 4: In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at 22,700-22,960 yuan/mt, with Zijin transactions at 22,830-23,000 yuan/mt. Transactions for #1 zinc ingot were around 22,200-22,360 yuan/mt, while Huludao was quoted at 26,270 yuan/mt. Regular #0 zinc ingot was quoted at a premium of 380-490 yuan/mt against the 2507 contract, with Zijin quoted at a premium of around 510-530 yuan/mt against the 2507 contract. Tianjin was quoted at a discount of around 70 yuan/mt against Shanghai. By the close of the morning session, Hongye was quoted at a premium of around 470-490 yuan/mt against the 07 contract, while Chihong was quoted at 380-420 yuan/mt against the 2507 contract. High-end brand Zijin was quoted at a premium of around 510-530 yuan/mt against the 07 contract. The futures market rebounded slightly today, with weak downstream consumption. Buyers were cautious due to high prices, focusing mainly on restocking for immediate needs. Today marked the contract rollover, with relatively active trading among traders, but overall market transactions remained weak.