SMM4 January 1 Ningbo Zinc Ingot spot: mainstream supply rising and downstream Mining weak

Published: Apr 01, 2020 11:35 (GMT+8)
SMM: Ningbo mainstream transactions in 15340-15420 yuan / ton, ordinary brands on the 2004 contract rose 100-120 yuan / ton, Ningbo compared with Shanghai ordinary brand spread maintained at 40 yuan / ton yesterday.

SMM, April 1-

The mainstream transaction in Ningbo was 15340-15420 yuan / ton, the ordinary brand rose 100-120 yuan / ton to the 2004 contract, and the price difference between Ningbo and Shanghai ordinary brand remained near 40 yuan / ton yesterday. Today, the Ningbo market supply circulation is more abundant, the holder is active to ship the goods, the morning attempt quotation is not unified. In the morning, West Mine, Tiefeng, Hualian and other brands reported an increase of about 120 yuan / ton in the April contract. Huize continued its quotation yesterday near 120 yuan / ton in April, and a small amount of spot Kirin reported 140 yuan / ton in the April contract. The main reason is that the supply of goods is on the high side, and the overall transaction situation is poor. In addition, the Baohui newspaper was near the 100 yuan / ton increase in the April contract. Today, the spot market rose again, the superimposed disk returned to rise, the downstream transaction situation is very weak, it is reported that the current Ningbo market downstream orders situation is poor, the overall transaction is worse than yesterday.

Brand name

Liter water

Kirin

440

West Coal Mine, Tiefeng, Hualian

4x 120

Treasure emblem

4x 100

Huize

4x 120


Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
5 hours ago
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
Read More
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
Zinc Concentrate Inventories at China's Main Ports Drop by 40,000 MT WoW
[Port Zinc Concentrate Market] According to SMM data, zinc concentrate inventories at China's main ports totaled 257,000 mt in physical content this week, down 40,000 mt WoW, with Fangchenggang accounting for the bulk of the decline. Market sources indicate that spot cargoes at ports are currently limited, with few port spot offers reported recently and overall trading activity remaining sluggish.
5 hours ago
National Day Holiday Reduces Zinc Concentrate Offers, Winter Stockpiling Continues Amid Falling TCs
5 hours ago
National Day Holiday Reduces Zinc Concentrate Offers, Winter Stockpiling Continues Amid Falling TCs
Read More
National Day Holiday Reduces Zinc Concentrate Offers, Winter Stockpiling Continues Amid Falling TCs
National Day Holiday Reduces Zinc Concentrate Offers, Winter Stockpiling Continues Amid Falling TCs
[Imported Zinc Concentrate Market] With the National Day holiday approaching, fewer traders offered cargoes this week, but winter stockpiling demand persisted. Smelters made purchases as needed, and overall transactions in the imported ore market continued. Imported ore TCs maintained their downward trend.
5 hours ago
Southwestern China Mine Sets October Zinc Concentrate Tender at -2,300 yuan/mt Metal Content
5 hours ago
Southwestern China Mine Sets October Zinc Concentrate Tender at -2,300 yuan/mt Metal Content
Read More
Southwestern China Mine Sets October Zinc Concentrate Tender at -2,300 yuan/mt Metal Content
Southwestern China Mine Sets October Zinc Concentrate Tender at -2,300 yuan/mt Metal Content
[Zinc Concentrate Tender] According to SMM, a mine in southwestern China recently set its October zinc concentrate tender price at approximately -2,300 yuan/mt in metal content on an Ex-warehouse basis. SMM will continue to monitor subsequent changes in TCs.
5 hours ago