Spot quotes for zinc in Tianjin stabilised

In Tianjin, #0 zinc ingot was mostly traded at 22840~23250 yuan/mt, Zijin zinc 22920~23310 yuan/mt, and Huludao zinc 26470 yuan/mt. In terms of premium/discount, regular #0 zinc was quoted with discounts of 50~80 yuan/mt over SHFE 2406 contract, and Zijin zinc with premiums of 0~10 yuan/mt. Prices in Tianjin were flat from Shanghai prices. As of noon, spot discounts of ordinary brand Chihong stood at 60~80 yuan/mt over SHFE June zinc contract, Hongye 50~70 yuan/mt. Discounts were 60 yuan/mt for Xinzi zinc, with no quotes for Bailing and Kazakhstan zinc. High-priced brand Zijin was offered with premiums of 0~10 yuan/mt. Traders' quotations remained stable, downstream companies were cautious about purchasing due to high prices. Overall transactions were relatively stable. #1 zinc ingot prices are expected to fluctuate between 22800~23190 yuan/mt today.