Tianjin Zinc Market: Slight Improvement in Transactions

The mainstream transaction price of 0# zinc ingot in the Tianjin market was 24,150-24,480 yuan/mt, with Zijin trading at 24,200-24,560 yuan/mt and Huludao at 27,610 yuan/mt. Regular 0# zinc quoted spot discounts of 80-90 yuan/mt against the 2406 contract, and Zijin quoted spot discounts of 0-40 yuan/mt against the 2406 contract. Tianjin had spot premiums of around 20 yuan/mt compared to Shanghai prices. By midday closing time, regular brands like Chihong and Hongye quoted spot discounts of 80-90 yuan/mt against the June contract, while Xinzi and Bailing had no quotes, and Kazakhstan zinc also had no quotes. High-end brand Zijin quoted spot discounts of 0-40 yuan/mt against the June contract. Today, SHFE zinc price declined, with some downstream buyers needing to restock, and traders held prices firm. Most transactions were between traders, and overall transactions improved compared to yesterday. 1# zinc ingot traded around 24,120-24,450 yuan/mt.