Tianjin Zinc: Futures Market Rallied, Low Downstream Purchasing Enthusiasm [SMM Midday Review]
- Feb 14, 2025, at 11:48 am
[Tianjin Zinc: Futures Market Rallied, Low Downstream Purchasing Enthusiasm]: The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,730-24,140 yuan/mt, Zijin traded at 23,800-24,150 yuan/mt, and 1# zinc ingot traded around 23,640-23,990 yuan/mt. Huludao was quoted at 27,360 yuan/mt. Ordinary 0# zinc was quoted at a discount of 30-40 yuan/mt against the 2503 contract, while Zijin was quoted at a premium of 40-50 yuan/mt against the 2503 contract. The Tianjin market was at a discount of around 20 yuan/mt compared to the Shanghai market...
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After the Chinese New Year, the stainless steel market continued to experience strong supply and weak demand, with spot prices fluctuating and trending slightly downward [SMM Analysis].
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Guangdong Zinc: Trading Remains Challenging, Spot Premiums Decline [SMM Midday Review]



