Ningbo Zinc Market: Fewer Spot Stocks But Strong Spot Premiums

Telah Terbit: Oct 30, 2023 17:30
#0 zinc in Guangdong was traded at 21335~21420 yuan/mt today. Mainstream brands were quoted with premiums of 120~140 yuan/mt over SHFE 2312 zinc contract, with discounts of 50 yuan/mt against Shanghai prices.

#0 zinc in Guangdong was traded at 21335~21420 yuan/mt today. Mainstream brands were quoted with premiums of 120~140 yuan/mt over SHFE 2312 zinc contract, with discounts of 50 yuan/mt against Shanghai prices.

In the first trading session, Qilin, Huize and Mengzi zinc was quoted with premiums of 0-20 yuan/mt. Sellers held prices firm amid low inventory. In the second trading period, Qilin and Mengzi zinc traded with premiums of 120-140 yuan/mt. The transactions were sluggish. However, sellers were reluctant to lower prices, and the spot premium was strong.


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Ningbo Zinc Market: Fewer Spot Stocks But Strong Spot Premiums - Shanghai Metals Market (SMM)