SMM reported on July 15: In the Tianjin market, the mainstream transaction price of #0 zinc ingot was between 22,040 and 22,150 yuan/mt, with Zijin trading between 22,080 and 22,180 yuan/mt. The transaction price of #1 zinc ingot was around 21,940 to 22,040 yuan/mt, while Huludao reported a price of 23,080 yuan/mt. The ordinary #0 zinc ingot was quoted at a discount of 0 to 10 yuan/mt against the 2508 contract, and Zijin was quoted at a premium of 20 to 30 yuan/mt against the 2508 contract. The Tianjin market was quoted at a discount of around 40 yuan/mt compared to the Shanghai market. By the close of the morning session, Xinzi was quoted on par with the 08 contract, while Chihong was quoted at a discount of 0 to 10 yuan/mt against the 2508 contract. High-end brand Zijin was quoted at a premium of 20 to 30 yuan/mt against the 08 contract. Today, the futures market continued to
drop back slightly, but downstream demand was average, with no significant restocking sentiment. Demand was mainly for immediate needs. Traders maintained stable premiums and discounts for their shipments, with trading being the primary focus. Overall, market transactions were sluggish.
