Ningbo Zinc: Some Traders Begin Preselling, While Downstream Buying Sentiment Remains Low [SMM Midday Review]

SMM News, December 27: The transaction price of mainstream 0# zinc brands in the Ningbo market was around 26,100-26,280 yuan/mt. Conventional brands in Ningbo quoted a premium of 505 yuan/mt against the 2501 contract and a premium of 180 yuan/mt against the Shanghai spot price. Mainstream quotations in Ningbo were made against the 2501 contract. During the first time period, Honglu-v quoted a premium of 510 yuan/mt against the 2501 contract; during the second time period, traders' quotations remained unchanged from the previous period. Today, Honglu zinc ingots arrived in Ningbo, while some traders presold Yongchang zinc ingots to be delivered next week. However, downstream enterprises continued purchasing Guangdong zinc ingots, and the overall sentiment for inquiries and purchases was low. Transactions in the Ningbo market remained sluggish.

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