Spot transactions in Tianjin zinc market were lacklustre

In Tianjin, #0 zinc ingot was mostly traded at 23180~23430 yuan/mt, Zijin zinc 23220~23460 yuan/mt, and Huludao zinc 26590 yuan/mt. In terms of premium/discount, regular #0 zinc was quoted with discounts of 30~80 yuan/mt over SHFE 2406 contract, and Zijin zinc with discounts of 0~40 yuan/mt. Prices in Tianjin were flat from Shanghai prices. As of noon, spot discounts of ordinary brand Chihong stood at 70~80 yuan/mt over SHFE June zinc contract, Hongye 70 yuan/mt. Discounts were 30~60 yuan/mt for Xinzi zinc, with no quotes for Bailing and Kazakhstan zinc. High-priced brand Zijin was offered with discounts of 0~40 yuan/mt. SJFE zinc pricces rebounded today, traders' quotations were relatively scattered. Most transactions were between traders. Downstream purchased on demand, and the market trading atmosphere was light. #1 zinc ingot prices were 23140~23350 yuan/mt today.