Ningbo zinc market: Spot premium and discount did not change much

In Ningbo market, #0 zinc was traded at 22340-22555 yuan/mt. The spot prices of regular brands were quoted with discounts of 30 yuan/mt over the 2405 contract, and with premiums of 80 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2405 contract. In the first trading period, Yongchang was quoted with discounts of 20-30 yuan/mt over the 2405 contract, and Huize with discount of 20 yuan/mt to premium of 40 yuan/mt for the 2405 contract; discounts were 60 yuan/mt for SMC, delivery-to-factory. In the second trading period, quotes by traders were flat from the first trading period. Imports at low prices continue to flow into Ningbo, and the Ningbo market still has a large volume of goods. The spot discounts remain low. Downstream companies are in a wait-and-see mood. The overall spot transaction has not improved significantly compared to yesterday.