[Tianjin Zinc: Futures Market Continues to Decline, Traders Are Active]: The mainstream transaction prices of #0 zinc ingot in the Tianjin market were 23,410-23,610 yuan/mt, Zijin traded at 23,460-23,650 yuan/mt, and #1 zinc ingot traded around 23,290-23,460 yuan/mt. Huludao was quoted at 26,810 yuan/mt. Ordinary #0 zinc ingot reported a premium of 0-40 yuan/mt against the 2503 contract, while Zijin reported a premium of 50-80 yuan/mt against the 2503 contract. The Tianjin market was on par with the Shanghai market...
SMM February 28 News: In the Tianjin market, mainstream transactions of #0 zinc ingot were at 23,410-23,610 yuan/mt, Zijin traded at 23,460-23,650 yuan/mt, and #1 zinc ingot traded around 23,290-23,460 yuan/mt. Huludao was quoted at 26,810 yuan/mt. Ordinary #0 zinc was quoted at a premium of 0-40 yuan/mt against the 2503 contract, while Zijin was quoted at a premium of 50-80 yuan/mt against the 2503 contract. The Tianjin market was on par with the Shanghai market. As of the midday close, Xinzi was quoted at a premium of 0-40 yuan/mt against the 03 contract, Xikeng was quoted at a discount of 20-30 yuan/mt against the 03 contract, Bailing was quoted at a premium of 20-30 yuan/mt against the 03 contract, and high-priced brand Zijin was quoted at a premium of 50-80 yuan/mt against the 03 contract. The futures market continued to pull back today, and downstream restocked on dips. However, due to consumption impact, procurement volume was average. New long-term contracts have started execution, and purchases by traders increased. Trading among traders was relatively active, with a slight tendency to stand firm on quotes, leading to a small rise in premiums. Overall market transactions were moderate.
