Ningbo Zinc: Almost No Quotations in the Market, Sluggish Trading Continues [SMM Midday Review]

SMM News, February 5: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 23,260-23,745 yuan/mt. Regular brands in Ningbo quoted a premium of 60 yuan/mt against the 2502 contract and a premium of 20 yuan/mt against the Shanghai spot price. Mainstream quotations in Ningbo were based on the 2502 contract. During the first time period, Qilin quoted a premium of 60 yuan/mt against the 2502 contract; during the second time period, traders' quotations remained unchanged from the previous period. Most downstream enterprises in Ningbo are expected to resume work and production next week. Today, there were almost no inquiries or purchases from buyers, and zinc ingot demand showed no improvement. Under these circumstances, traders in the Ningbo market continued to observe, with almost no quotations in the market. The sluggish trading atmosphere persisted, and attention remains on subsequent arrivals.

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