[Tianjin Zinc: Futures Market Rebound, Low Downstream Purchase Willingness]: The mainstream transaction price of #0 zinc ingot in the Tianjin market was 23,860-24,020 yuan/mt, Zijin traded at 23,930-24,040 yuan/mt, and #1 zinc ingot traded around 23,770-23,880 yuan/mt. Huludao was quoted at 27,290 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 30 to a premium of 30 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 40-50 yuan/mt against the 2504 contract. The Tianjin market was quoted at a discount of 10 yuan/mt compared to the Shanghai market.
SMM March 12 News: In the Tianjin market, mainstream transactions for #0 zinc ingot were at 23,860-24,020 yuan/mt, Zijin traded at 23,930-24,040 yuan/mt, and #1 zinc ingot traded around 23,770-23,880 yuan/mt. Huludao was quoted at 27,290 yuan/mt. Ordinary #0 zinc ingot was quoted at a discount of 30 yuan/mt to a premium of 30 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 40-50 yuan/mt against the 2504 contract. The Tianjin market was quoted at a discount of around 10 yuan/mt compared to the Shanghai market. By the midday close, New Zijin was quoted at a premium of 20-30 yuan/mt against the 04 contract, Xikang was quoted at a discount of 10-30 yuan/mt, Bailing was quoted at 40 yuan/mt, and high-priced brand Zijin was quoted at a premium of 40-50 yuan/mt against the 04 contract. The futures market rebounded today, but downstream buyers were cautious due to high prices, showing low purchasing enthusiasm. Overall downstream consumption remained weak, while traders actively sold goods, slightly lowering premiums to facilitate transactions. Overall, market transactions were poor.
