Ningbo zinc market: The prices soared, downstream purchased on demand

In Ningbo market, #0 zinc was traded at 20925-21050 yuan/mt. The spot prices of regular brand were quoted with premiums of 20 yuan/mt over the 2404 contract, and with premiums of 30 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2404 contract. In the first trading period, Yongchang was quoted a premium of 20-30 yuan/mt for the 2404 contract; in the second trading period, traders quoted prices at the same level as the previous period. The market rose sharply today, and high prices continued to dampen downstream consumption. Although traders were more willing to raise prices, low-priced imports weighed on spot premiums. Terminal consumption has not improved, and overall spot transactions have not improved.