Tianjin Zinc: Delivery today, trading volume was average [SMM Midday Review]

SMM News on June 16: In the Tianjin market, the mainstream transactions for #0 zinc ingots were between 21,950 and 22,110 yuan/mt, with Zijin transactions between 22,050 and 22,220 yuan/mt. Transactions for #1 zinc ingots were around 21,610 to 21,770 yuan/mt, while Huludao reported prices at 25,360 yuan/mt. The premium for ordinary #0 zinc against the 2507 contract was around 220 to 230 yuan/mt, and Zijin reported a premium of around 320 to 330 yuan/mt against the 2507 contract. The Tianjin market was on par with the Shanghai market. By the close of the morning session, Xinzi had no quotes for the 07 contract, while Chihong reported a premium of 220 to 230 yuan/mt against the 2507 contract. High-end brand Zijin reported a premium of around 320 to 330 yuan/mt against the 07 contract. The futures market continued to pull back, with downstream raw material inventories being relatively high and procurement enthusiasm low. Many traders had delivery plans and offered fewer goods for sale. Overall premiums remained stable, and overall market transactions were weak.