Ningbo Zinc: Typhoon impacted zinc ingot arrivals, market traders offered few quotes [SMM Midday Review]

SMM, July 13:

      In the Ningbo market, the transaction price of mainstream brand 0# zinc was around 24,710-24,815 yuan/mt. Ningbo regular brands were quoted at a discount of 15 yuan/mt against the 2608 contract and a premium of 40 yuan/mt against Shanghai spot cargo. In Ningbo, the mainstream was quoted against the 2608 contract. In the first trading session, Yongchang quoted a discount of 20-0 yuan/mt against the 2608 contract, and Honglu-v (99.998) was quoted at parity against the 2608 contract. In the second session, traders' quotes were flat compared to the previous session. Affected by the typhoon, the arrival of some vessels in the Ningbo market was expected to be delayed. Today, there were not many traders selling in the market. However, downstream enterprises still had a certain amount of inventory at their factories. The wait-and-see sentiment persisted today, and spot trades performed poorly.