SMM

[Tianjin Zinc: Weak Downstream Demand, Premiums and Discounts Continue to Decline]: The mainstream transaction price of 0# zinc ingot in the Tianjin market was 23,850-23,990 yuan/mt, Zijin traded at 23,880-24,000 yuan/mt, and 1# zinc ingot was traded around 23,770-23,880 yuan/mt. Huludao was quoted at 27,290 yuan/mt. The discount for ordinary 0# zinc against the 2503 contract was around 40 yuan/mt to a premium of 10 yuan/mt, while Zijin was quoted at a discount of 10 yuan/mt to a premium of 20 yuan/mt against the 2503 contract. The Tianjin market was at a discount of around 20 yuan/mt compared to the Shanghai market...