Spot Premiums In Tianjin Zinc Market Stabilised

SHANGHAI, Sep 27 (SMM) - In Tianjin, #0 zinc ingot was mostly traded at 22120~22310 yuan/mt, Zijin zinc 22320~22450 yuan/mt, and Huludao zinc 26850 yuan/mt. In terms of premium/discount, #0 zinc was quoted with premiums of 320~420 yuan/mt over SHFE 2310 contract, Zijin zinc 520~560 yuan/mt, and 210 yuan/mt over Shanghai prices.

As of noon of September 27, spot premiums of ordinary brand Chihong stood at 400 yuan/mt over SHFE 2310 zinc contract, with no quotes for Bailing zinc. Premiums of Xinjiang Zijin were 370~420 yuan/mt, Qilin 350 yuan/mt, no quotes for Kazakhstan zinc (delivery in warehouse), and high-priced brand Zijin 520~560 yuan/mt.

In order to ensure shipments, the overall premium did not rise significantly and remained basically stable. For the high-priced brand Zijin, due to tight shipment volume and strong demand, the premium increased significantly from the previous day, and the market buying was extremely strong. The overall trading was brisk. #1 zinc ingot prices were 21950~22070 yuan/mt today.