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Zinc in Ningbo Market: Holders Lowered the Premiums, But Transactions were Thin

iconMay 20, 2022 11:45
Source:SMM
In Ningbo market, the spot prices of mainstream 0# zinc stood at 25,960-26,050 yuan/mt, with premiums of 130 yuan/mt over Shanghai.

SHANGHAI, May 20(SMM) - In Ningbo market, the spot prices of mainstream 0# zinc stood at 25,960-26,050 yuan/mt, with premiums of 130 yuan/mt over Shanghai. The issues of picking up goods at the railway was greatly solved, so as the shortage of market sources, and the holders have more available zinc ingots to quote. And with poor transactions in recent days, most holders made concessions and lowered their quotations today, with premiums of 180-210 yuan/mt. However, market transactions were weak in the absence of active downstream purchases.

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