Spot zinc premiums in Ningbo slid amid poor trading

In Ningbo market, #0 zinc was traded at 21690-21755 yuan/mt. The spot prices of regular brand were quoted with premiums of 350~380 yuan/mt over the 2311 contract, and with discounts of 30 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2311 contract. In the first trading session, Tiefeng zinc was quoted with premiums of 350~380 yuan/mt over the SHFE 2311 zinc contract.

In the second trading session, Tiefeng zinc was quoted with premiums of 350~380 yuan/mt over the SHFE 2311 zinc contract. The current spot trading is still dominated by rigid demand, and the decline in zinc prices has limited impact on trading. Currently, the spot inventory in the Ningbo market is low.