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Home / Metal News / Traders Raised Their Quotes Due To the Lack of Zinc Arrivals in Ningbo Market

Traders Raised Their Quotes Due To the Lack of Zinc Arrivals in Ningbo Market

iconMay 4, 2023 16:01
Source:SMM
#0 zinc in Ningbo was quoted with premiums of 140-180 yuan/mt over SHFE 2305 zinc contract last week. The premiums stood at 70-80 yuan/mt against Shanghai prices. Spot trades were hectic on the back of the approaching Labour Day holidays and downstream buying on the dip.

#0 zinc in Ningbo was quoted with premiums of 140-180 yuan/mt over SHFE 2305 zinc contract last week. The premiums stood at 70-80 yuan/mt against Shanghai prices. Spot trades were hectic on the back of the approaching Labour Day holidays and downstream buying on the dip.

Due to the lack of arrivals in the Ningbo market, traders raised their quotes, keeping spot premiums at high levels.

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

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