Zinc in Tianjin: The Premium weakened, and the Transaction was Quiet

In Tianjin, #0 zinc ingot was mostly traded at 20490~20620 yuan/mt, Zijin zinc 20520~20640 yuan/mt, and Huludao zinc 23930 yuan/mt. In terms of premium/discount, #0 zinc was quoted with discounts of 10-30 yuan/mt over SHFE 2404 contract, and Zijin zinc with premiums of 0~10 yuan/mt. Prices in Tianjin were 0 yuan/mt lower than Shanghai prices. As of noon, spot discounts of ordinary brand Chihong stood at 10~30 yuan/mt over SHFE April zinc contract, Hongye 10~20 yuan/mt. There were no quotes for Xinzi, Bailing and Kazakhstan zinc, and high-priced brand Zijin with premiums of 0~10 yuan/mt. Premiums weakened again today, with some traders lowering premiums to discounts. Downstream demand was lower than expected. The trading atmosphere remained poor today, with no significant improvement in transactions. #1 zinc ingot prices fluctuated between 20465~20585 yuan/mt today.