Ningbo Zinc:Businesses Remain Bearish, Few Market Inquiries [SMM Midday Review]

SMM March 19 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,815-23,925 yuan/mt. Regular brands in Ningbo quoted a premium of 35 yuan/mt against the 2504 contract and a premium of 30 yuan/mt against Shanghai spot. Mainstream brands in Ningbo quoted primarily against the 2504 contract. During the first time period, Yongchang quoted a premium of 40 yuan/mt against the 2504 contract, and Qilin also quoted a premium of 40 yuan/mt against the 2504 contract. During the second time period, traders' quotes remained unchanged from the previous period. Yesterday, some traders completed their shipments, while today, shipments in Ningbo were limited, and spot premiums slightly increased. However, the futures market fluctuated, and some enterprises continued to hold a bearish outlook, resulting in limited inquiries and purchases. Overall, spot transactions were average.

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