Ningbo Zinc: Futures Market Fluctuates, Downstream Purchases and Restocking [SMM Midday Review]

SMM News, January 7: The mainstream transaction prices of 0# zinc in the Ningbo market were around 24,975-25,230 yuan/mt. Regular brands in Ningbo quoted a premium of 450 yuan/mt against the 2501 contract and a premium of 100 yuan/mt against Shanghai spot prices. Mainstream quotations in Ningbo were based on the 2501 contract. During the first time period, Qilin quoted a premium of 450 yuan/mt against the 2501 contract, Honglu-v quoted a premium of 590 yuan/mt against the 2501 contract, and Huize quoted a premium of 600 yuan/mt against the 2501 contract. During the second time period, traders' quotations remained unchanged from the previous period. There were still few traders shipping in Ningbo, spot premiums remained high, and some downstream enterprises recently started raw material stocking. Spot transactions in the market were moderate.

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