Ningbo Zinc: Downstream Demand Purchases Zinc, Ningbo Premium Remains Steady [[SMM Midday Review]]

SMM reported on May 8: The transaction prices of mainstream brand 0# zinc in the Ningbo market were around 22,770-22,985 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 560 yuan/mt against the 2506 contract and at a premium of 60 yuan/mt against Shanghai spot cargo. Mainstream players in the Ningbo region quoted prices against the 2506 contract. In the first time slot, Yongchang quoted a premium of 560 yuan/mt against the 2506 contract, Qilin quoted a premium of 570 yuan/mt against the 2506 contract, Baiyin quoted a premium of 570 yuan/mt against the 2506 contract, and Huize quoted a premium of 680 yuan/mt against the 2506 contract. In the second time slot, traders maintained the same quotes as the previous time slot. Today, traders in the Ningbo market adopted a laid-back approach to shipping goods, while downstream players continued to make just-in-time procurement, with low enthusiasm for purchasing. Spot cargo transactions performed moderately, and the overall spot premiums in Ningbo remained unchanged from yesterday.

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