SHANGHAI, Mar 27 (SMM) - #0 zinc in Ningbo was quoted with premiums of 60-70 yuan/mt over SHFE 2304 zinc contract. The spread of spot prices in Ningbo and Shanghai was around 50-60 yuan/mt. Spot trading weakened last week as downstream enterprises restocked actively in the previous week. Spot supply was tight in the market on low arrivals. Cargo holders once raised their quotes, but the premiums fluctuated little. It is expected that the spot trading will be slack this week owing to the abundant raw material inventory held by downstream enterprises.
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