SMM, June 17: In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 21,940-22,170 yuan/mt, with Zijin transactions at RMB 22,030-22,180 yuan/mt. Transactions for #1 zinc ingot were around RMB 21,640-21,790 yuan/mt, while Huludao reported prices at RMB 25,370 yuan/mt. The premium for ordinary #0 zinc against the 2507 contract was around RMB 180-270 yuan/mt, and Zijin reported a premium of around RMB 250-290 yuan/mt against the 2507 contract. Tianjin prices were quoted approximately RMB 20 yuan/mt higher than those in Shanghai. By the close of the morning session, Xinzhi reported premiums of RMB 250-260 yuan/mt against the 07 contract, while Chihong reported premiums of RMB 180-220 yuan/mt against the 2507 contract. High-end brand Zijin reported premiums of around RMB 250-290 yuan/mt against the 07 contract. The futures market was mainly characterized by volatility, with downstream enterprises primarily restocking based on immediate needs and holding bearish views on premiums. Traders continuously lowered premiums to facilitate sales, leading to a continued pull back in premiums. Overall market transactions were weak.
