Ningbo Zinc: Spot Premiums Increased, Downstream Just-in-Time Procurement [SMM Midday Review]

SMM January 3 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 25,430-25,610 yuan/mt. Conventional brands in Ningbo quoted a premium of 455 yuan/mt against the 2501 contract and a premium of 130 yuan/mt against the Shanghai spot price. Mainstream quotations in the Ningbo region were based on the 2501 contract. During the first time period, Yongchang quoted a premium of 460 yuan/mt against the 2501 contract, while Honglu-v quoted a premium of 520 yuan/mt against the 2501 contract. During the second time period, traders' quotations remained unchanged from the previous period. Today, the spot market in Ningbo did not see a significant improvement in supply. The futures market declined significantly compared to yesterday, and traders slightly raised spot premiums. Downstream buyers made purchases based on rigid demand, with attention on zinc ingot arrivals next week.

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