Zinc Prices In Ningbo Rose And Consumption Weakened

In Ningbo market, #0 zinc was traded at 21345~21450 yuan/mt. The spot prices of regular brand were quoted with premiums of 90~100 yuan/mt over the 2311 contract, and with discounts of 50 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2311 contract.

In the first trading session, premiums of Tiefeng and Yongchang were 90~100 yuan/mt and 100~110 yuan/mt over the 2311 contract. The price of zinc rose, and downstream buyers were cautious. Spot trading was quiet. In the second trading session, Tiefeng zinc was quoted with premiums of 90~100 yuan/mt over the SHFE 2311 zinc contract. In anticipation of large volumes of arriving shipments of imported zinc, premiums for domestically produced zinc have continued to remain low. However, due to the current limited domestic zinc output, premiums have stabilized.