Tianjin zinc: Zinc prices keep falling, and premiums continue to rise

In the Tianjin market, mainstream transactions of 0# zinc ingot were at 21,840~22,090 yuan/mt, Zijin transactions were at 21,890~22,140 yuan/mt, and Huludao was quoted at 25,230 yuan/mt. 0# ordinary zinc was quoted at a premium of 30~100 yuan/mt over the 2409 contract, Zijin was quoted at a premium of 80~150 yuan/mt over the 2409 contract, and the Tianjin market had a premium of about 50 yuan/mt over the SHFE market. As of the midday close, ordinary brands Chihong were quoted at a premium of 80~90 yuan/mt over the 2409 contract, Hongye was quoted at about 100 yuan/mt over the 2409 contract, Xinzi was quoted at a premium of about 90 yuan/mt over the 2409 contract, Bailing had no quotes for the 09 contract, and high-end brand Zijin was quoted at a premium of 80~150 yuan/mt over the 2409 contract. Today's market continued to decline. Due to the price drop yesterday, there was a lot of point pricing purchases, and today downstream restocking was mainly based on rigid demand. There was still bearish sentiment, with fewer spot arrivals, and traders continued to hold prices firm. Premiums and discounts rose, and overall transactions were relatively moderate. 1# zinc ingot transactions were around 21,690~21,880 yuan/mt.