Ningbo Zinc Market: Fewer spot stocks but strong spot premiums

Published: Sep 26, 2023 17:21

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In Ningbo market, #0 zinc was traded at 22100-22435 yuan/mt. The spot prices of regular brand were quoted with premiums of 140~150 yuan/mt over the 2310 contract, and with discounts of 50 yuan/mt over the prices in the Shanghai market.

Mainstream quotes in Ningbo market were generally against the 2310 contract. In the first trading session, Tiefeng zinc was quoted with premiums of 140~150 yuan/mt over the SHFE 2310 zinc contract. There are few spot stocks in Ningbo market and the premiums were relatively strong.

In the second trading session, the spot premiums were basically the same as in the first trading session. Overall, the Ningbo market has fewer spot stocks and higher premiums. However, the current spot trading was lacklustre.

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