Ningbo Zinc: Traders Take a Laid-Back Approach to Sales, Premiums Slightly Decline [SMM Midday Review]

SMM reported on February 12: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 23,630-23,895 yuan/mt. Conventional brands in Ningbo quoted a premium of 55 yuan/mt against the 2503 contract and a premium of 30 yuan/mt against Shanghai spot prices, with mainstream quotes in Ningbo primarily against the 2503 contract. During the first time period, Qilin quoted a premium of 50 yuan/mt against the 2503 contract, and Honglu-v also quoted a premium of 50 yuan/mt against the 2503 contract. During the second time period, traders' quotes remained unchanged from the previous period. Today, traders in the Ningbo market continued to adopt a passive quoting approach. Spot premiums declined MoM, but inquiries from downstream enterprises remained limited, and overall market transactions were weak. Attention is focused on the resumption of downstream production after the Lantern Festival.

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