Tianjin Zinc: Zinc Prices Maintain Fluctuating Trend, Downstream Restocking Driven by Rigid Demand. In the Tianjin market, #0 zinc ingot mainly traded at 23,740 to 23,980 yuan/mt, Zijin traded at 23,810 to 24,010 yuan/mt, and #1 zinc ingot traded around 23,640 to 23,820 yuan/mt. Huludao was quoted at 27,210 yuan/mt. For #0 zinc, the discount against the 2504 contract was 20 to 50 yuan/mt, while for Zijin, the premium against the 2504 contract was 50 to 80 yuan/mt. The Tianjin market was about 10 yuan/mt lower than the Shanghai market.
SMM March 21 News: In the Tianjin market, #0 zinc ingot mainly traded at 23,740 to 23,980 yuan/mt, Zijin traded at 23,810 to 24,010 yuan/mt, and #1 zinc ingot traded around 23,640 to 23,820 yuan/mt. Huludao was quoted at 27,210 yuan/mt. For #0 zinc, the premium against the 2504 contract ranged from a discount of 20 to a premium of 50 yuan/mt. Zijin against the 2504 contract was quoted at a premium of 50 to 80 yuan/mt. The Tianjin market was about 10 yuan/mt lower than the Shanghai market. By the close of the morning session, Xinzi against the 04 contract was quoted at a premium of 40 to 50 yuan/mt, factory delivery of Xikuang Jinli against the 04 contract was quoted at a discount of 0 to 10 yuan/mt, Bailing delivery against the 04 contract was quoted around 60 yuan/mt, and high-priced brand Zijin against the 04 contract was quoted at a premium of 50 to 80 yuan/mt. Zinc prices slightly rebounded today. Downstream buyers had restocked more in the previous two days, so their purchasing enthusiasm decreased today. They held a wait-and-see attitude towards zinc prices, mainly restocking based on rigid demand. With fewer arrivals in the Tianjin area recently, traders maintained stable quotes. The price difference between self pick-up from warehouse and factory delivery remained large, and overall transactions were moderate.
