Tianjin Zinc: Zinc Prices Rise, Traders Dominate Trading [SMM Midday Review]

SMM July 22: In the Tianjin market, #0 zinc ingot was mainly traded at 24,360-24,560 yuan/mt, Zijin was traded at 24,490-24,640 yuan/mt, and #1 zinc ingot was traded around 24,360-24,480 yuan/mt. Zijin was quoted at a premium of 10-50 yuan/mt against the 2608 contract, Huxin was quoted at 25,810 yuan/mt, and #0 zinc ingot was quoted at a discount of 30-120 yuan/mt against the 2608 contract. The Tianjin market was quoted at a discount of about 95 yuan/mt against the Shanghai market. By the noon close, the high-end brand Zijin was quoted at a premium of 0-30 yuan/mt against the 2608 contract, and Huoshaoyun was quoted at a discount of 100 yuan/mt against the 2608 contract, delivered. Today, the purchasing sentiment for refined zinc in Tianjin was 1.92, and the selling sentiment was 2.54. Today, futures prices surged, downstream was cautious of high prices and refrained from purchasing, traders held prices firm when selling, trading was mainly between traders, premiums remained stable, and overall market transactions were ordinary.