Ningbo Zinc: Traders Take a Passive Approach to Sales, Focus on Subsequent Arrivals [SMM Midday Review]

SMM February 6 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,280-23,655 yuan/mt. Conventional brands in Ningbo quoted a premium of 105 yuan/mt against the 2502 contract and a premium of 30 yuan/mt against the Shanghai spot price. Mainstream quotations in the Ningbo region were made against the 2502 contract. During the first time period, Qilin quoted a delivered premium of 170-200 yuan/mt against the 2503 contract; during the second time period, traders' quotations remained unchanged from the previous period. Some zinc ingot long-term contracts are expected to arrive in the Ningbo market next week. Today, traders in the Ningbo market adopted a passive selling approach, with spot premiums remaining high. However, downstream enterprises had limited resumption of production, and overall spot transactions remained relatively limited.

》Subscribe to View SMM Historical Spot Metal Prices