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Tianjin Zinc: Zinc Prices Fluctuate at High Levels, Market Buying Sentiment Weak [SMM Midday Review]

  • Mar 25, 2025, at 11:38 am
Tianjin Zinc: Zinc Prices Fluctuate at High Levels, Market Buying Sentiment Weak: In the Tianjin market, #0 zinc ingot mainly traded between 24,060 and 24,250 yuan/mt, Zijin traded between 24,170 and 24,280 yuan/mt, and #1 zinc ingot traded around 23,970 to 24,080 yuan/mt. Huludao was quoted at 27,450 yuan/mt. Ordinary #0 zinc was quoted at a discount of 30 to a premium of 60 yuan/mt against the 2504 contract, while Zijin was quoted at a premium of 80 to 100 yuan/mt against the 2504 contract. The Tianjin market was on parity with the Shanghai market.
SMM March 25: In the Tianjin market, #0 zinc ingot mainly traded at 24,060 to 24,250 yuan/mt, Zijin traded at 24,170 to 24,280 yuan/mt, and #1 zinc ingot traded around 23,970 to 24,080 yuan/mt. Huludao was quoted at 27,450 yuan/mt. The common #0 zinc was at a discount of 30 to a premium of 60 yuan/mt against the 2504 contract, while Zijin was at a premium of 80 to 100 yuan/mt against the 2504 contract. The Tianjin market was on parity with the Shanghai market. By the close of the morning session, Xinzi was at a premium of 50 to 60 yuan/mt against the 04 contract, factory delivery of Xikuang Jinli was at a discount of 0 to 20 yuan/mt against the 04 contract, Bailing delivery was around 60 yuan/mt against the 05 contract, and high-priced brand Zijin was at a premium of 80 to 100 yuan/mt against the 04 contract. Zinc prices fluctuated today, with downstream players mainly adopting a wait-and-see attitude. A small portion of the market restocked out of necessity. Self pick-up prices from traders' warehouses were relatively firm and slightly increased, while factory delivery quotes for zinc ingots remained stable. The price difference between self pick-up from warehouses and factory delivery of zinc ingots remained large, leading to poor overall transactions.
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