Ningbo Zinc: Traders Focus on Selling, Spot Premiums Decline [SMM Midday Review]

SMM reported on March 12: The transaction price of mainstream 0# zinc brands in the Ningbo market was around 23,925-24,015 yuan/mt. Conventional brands in Ningbo quoted a premium of 15 yuan/mt against the 2504 contract and a premium of 20 yuan/mt against the Shanghai spot price, with mainstream quotes in Ningbo primarily against the 2504 contract. During the first time period, Qilin quoted a premium of 30 yuan/mt against the 2504 contract, while Honglu-v quoted a premium of 20 yuan/mt against the 2504 contract. During the second time period, traders' quotes remained unchanged from the previous period. Low-priced zinc ingots at the port continued to impact the spot market, and some traders lowered their spot premiums to facilitate sales. Ningbo premiums declined MoM, while downstream enterprises maintained raw material procurement on a just-needed basis. Market transactions showed some deterioration today.

》Subscribe to view SMM historical spot metal prices