Tianjin Zinc: Futures market maintains fluctuating trend, with weakened trading volume [SMM midday review]

SMM News on July 9: The mainstream transaction price of #0 zinc ingot in the Tianjin market ranged from 21,990 to 22,210 yuan/mt, with Zijin trading at 22,020 to 22,220 yuan/mt, and #1 zinc ingot trading at around 21,870 to 22,050 yuan/mt. Huludao was quoted at 25,520 yuan/mt. The premium of ordinary #0 zinc against the 2508 contract was around 0 to 50 yuan/mt, while Zijin's premium against the 2508 contract was a premium of around 30 to 60 yuan/mt. The Tianjin market was quoted at a discount of around 60 yuan/mt compared to the Shanghai market. By the close of the morning session, Xikuang was quoted at a premium of 40 yuan/mt for delivery against the 08 contract, Chihong was quoted at a premium of 0 to 40 yuan/mt against the 2508 contract, Xinzi was quoted at 40 to 50 yuan/mt against the 08 contract, and the high-end brand Zijin was quoted at a premium of around 30 to 60 yuan/mt against the 08 contract. Today, the futures market maintained a fluctuating trend. Downstream buyers showed low enthusiasm for procurement, and their willingness to replenish stocks weakened. Traders maintained stable quotes, with trading dominated by traders. Overall, market transactions weakened.