SMM, June 23: In the Tianjin market, mainstream transactions for #0 zinc ingot were concluded at RMB 21,890-22,090 yuan/mt, with Zijin transactions at RMB 21,950-22,140 yuan/mt. Transactions for #1 zinc ingot were around RMB 21,760-21,920 yuan/mt, while Huludao reported prices at RMB 25,310 yuan/mt. The premium for ordinary #0 zinc against the 2507 contract was around RMB 60-100 yuan/mt, and the premium for Zijin against the 2507 contract was around RMB 120-150 yuan/mt. Tianjin prices were quoted at a discount of around RMB 20 yuan/mt compared to Shanghai prices. By the close of the morning session, Xinzi was quoted at RMB 70-90 yuan/mt against the 07 contract, Chihong was quoted at around RMB 80 yuan/mt against the 2507 contract, and the premium for the high-end brand Zijin against the 07 contract was around RMB 120-150 yuan/mt. The futures market continued to fluctuate, with weak downstream consumption and reduced operating rates. Purchases were mainly for just-in-time procurement, with low procurement enthusiasm. Traders continuously lowered premiums to facilitate sales, resulting in weak overall market transactions.
