Tianjin Zinc: Zinc prices consolidate, downstream buys small volumes [SMM Midday Review]

SMM, August 20: In the Tianjin market, #0 zinc ingot transactions were mainly done at 25,170-25,350 yuan/mt, Zijin brand traded at 25,340-25,430 yuan/mt, #1 zinc ingot traded near 25,100-25,290 yuan/mt, Zijin was offered at a premium of 50 yuan/mt against the 2609 contract, Huxin brand was quoted at 26,595 yuan/mt, #0 zinc ingot was quoted at a discount of 30-120 yuan/mt against the 2609 contract, Tianjin market quotes were at a discount of 65 yuan/mt against Shanghai. As of the morning session close, the high-end brand Zijin was at a premium of around 50 yuan/mt against the 2609 contract, Xinzi brand was quoted at a discount of 40-65 yuan/mt against the 2609 contract. Today, the purchasing sentiment for refined zinc in Tianjin region was 1.88, and the shipment sentiment was 2.59. Zinc prices consolidated, with futures below the average price some downstream buyers made small purchases at fixed prices, while most opted for back-pricing, actual transactions were limited, traders' shipment premiums held steady, and overall market transactions improved slightly from the previous day.