SMM March 7 News: This week, Ningbo spot premiums maintained a fluctuating trend, up 15 yuan/mt WoW in the weekly average price. As of this Friday, Ningbo spot prices against the 2503 contract were quoted at a premium of 10 yuan/mt, with a premium of around 30 yuan/mt against the SHFE. At the beginning of the week, zinc ingot long-term contracts were gradually delivered to the market, making Ningbo spot supply relatively sufficient. However, in the first half of the week, zinc prices declined, prompting traders to raise spot premiums for sales. In the latter half of the week, zinc prices surged, reigniting downstream enterprises' aversion to high prices. Traders consecutively lowered spot premium quotes to facilitate sales, leading to weaker transactions. Ningbo spot premiums are expected to maintain a fluctuating trend next week.
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