Ningbo Zinc: Downstream Gradually Goes on Holiday, Premiums Decline MoM [SMM Midday Review]

SMM reported on January 11: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 24,745-24,960 yuan/mt. Conventional brands in Ningbo quoted a premium of 600 yuan/mt against the 2502 contract and a premium of 80 yuan/mt against Shanghai spot prices. Mainstream quotations in the Ningbo region were based on the 2502 contract. During the first time period, Qilin quoted a premium of 600 yuan/mt against the 2502 contract; during the second time period, traders' quotations remained unchanged from the previous period. Over the weekend, Qilin zinc ingots arrived in the Ningbo market. However, as some downstream enterprises have recently started their holidays, purchase willingness weakened, and traders continued to lower spot premiums. Today's market transactions were still primarily just-in-time procurement by downstream buyers.

》Subscribe to view SMM historical spot metal prices