SHANGHAI, Sept 1 (SMM) - In Tianjin, 0# zinc ingot was mostly traded at 25,140-25,290 yuan/mt, Zijin zinc at 25,290-25,390 yuan/mt, and Huludao zinc 30,220 yuan/mt. 0# zinc and Zijin zinc were in premiums of 300-400 yuan/mt and 450-500 yuan/mt respectively over the 2209 contract. Premiums of Tianjin stood at 340 yuan/mt over Shanghai prices.
The zinc prices fell today, and the spot market saw varied premiums and discounts quotations. As of noon, spot premiums of Bailing zinc and Chihong zinc stood at 300-350 yuan/mt over 2209 contract, Hongye 330-350 yuan/mt, and Zijin zinc 450-500 yuan/mt. KZ (free from Ex-warehouse) was out of stock. The spot arrivals in Tianjin increased, and the inventory began to accumulate. The traders were eager to make shipments and the premium fell obviously. For example, premiums of some low-priced brands have been lowered to below 300 yuan/mt. The downstream enterprises slightly increased their purchase on dips. On the whole, the transactions in the Tianjin market were modest. 1# zinc ingot was traded between 25,120-25,170 yuan/mt.
