Ningbo Zinc: Divergence in Traders' Quotations, Average Transaction Volume [SMM Midday Review]

SMM April 22 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,515-22,745 yuan/mt. The conventional brand in Ningbo quoted a premium of 185 yuan/mt against the 2505 contract and a premium of 10 yuan/mt against the Shanghai spot cargo. The mainstream in the Ningbo area quoted against the 2505 contract. In the first period, Yongchang quoted a premium of 190 yuan/mt against the 2505 contract, Qilin quoted a premium of 220 yuan/mt against the 2505 contract, Honglu-v quoted a premium of 160 yuan/mt against the 2505 contract, and Huize quoted a premium of 200 yuan/mt against the 2505 contract. In the second period, traders' quotes remained unchanged from the previous period. Recently, the supply in the Ningbo market has been limited, and some traders stood firm on quotes. Today, there was some divergence in suppliers' quotes, and spot premiums rose slightly. However, the futures market continued to fluctuate in the morning, and some downstream enterprises have not yet started pre-holiday stockpiling. Today, inquiries and purchases remained generally flat.

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