Ningbo Zinc: Limited Market Supply, Spot Premiums Adjusted Up MoM [SMM Midday Review]

SMM March 18 News: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 23,830-24,120 yuan/mt. Regular brands in Ningbo quoted a premium of 30 yuan/mt against the 2504 contract and a premium of 30 yuan/mt against Shanghai spot cargo. Mainstream quotations in Ningbo were based on the 2504 contract. During the first time period, Yongchang quoted a delivered premium of 30 yuan/mt against the 2504 contract, Qilin quoted a premium of 30 yuan/mt against the 2504 contract, and Huize quoted a premium of 60 yuan/mt against the 2504 contract. During the second time period, traders' quotations remained unchanged from the previous period. Today, there were fewer traders supplying goods in Ningbo. The futures market declined compared to yesterday, while corporate inquiry sentiment improved. Traders raised today's spot premiums, and downstream enterprises made purchases based on pricing. Overall, spot transactions improved.

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