Traders kept prices firm and transactions in Ningbo weakened

In Ningbo market, #0 zinc was traded at 20705-20805 yuan/mt. The spot prices of regular brand were quoted with premiums of 25 yuan/mt over the 2404 contract, and with premiums of 30 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2404 contract. In the first trading period, Yongchang was quoted a premium of 30 yuan/mt for the 2404 contract, and Lanxin zinc quoted a premium of 60 yuan/mt for the 2404 contract; in the second trading period, traders quoted prices at the same level as the previous period. Imported zinc ingots continued to flow into the Ningbo market, and low prices impact domestic spot goods. Some traders were raising prices but the transactions were poor. Trading of domestic spot cargoes remained quiet.