Zinc prices in Tianjin rise, while downstream procurement remains sluggish

Published: Jul 11, 2025 11:48

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[Tianjin Zinc: Futures Continue to Rise, Downstream Purchasing Enthusiasm Remains Low] In the Tianjin market, the mainstream transaction price for #0 zinc ingot was between 22,340 and 22,470 yuan/mt, with Zijin trading between 22,380 and 22,500 yuan/mt. The transaction price for #1 zinc ingot was around 22,230 to 22,350 yuan/mt, while Huludao reported a price of 25,790 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 10 yuan/mt to a premium of 10 yuan/mt against the 2508 contract, with Zijin quoted at a premium of 30 to 40 yuan/mt against the 2508 contract. The Tianjin market was quoted at a discount of around 50 yuan/mt compared to the Shanghai market.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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