Ningbo Zinc: Spot premium remained low [SMM Review]

On May 8, the traded price of mainstream brand 0# zinc in Ningbo was around 23,085-23,410 yuan/ton. Ningbo conventional brands were offered at a discount of 55 yuan/ton against the 2406 contract and a premium of 40 yuan/ton over Shanghai spot zinc. In the morning, Yongchang was quoted at a discount of 60 yuan/ton against the 2406 contract, Silver brand at a discount of 100 yuan/ton against the 2406 contract, and the imported zinc at a discount of 60 yuan/ton against the 2406 contract. In the second trading period, traders' quotations remained the same as in the previous trading period. Low prices of imported zinc continued to impact domestic zinc ingots. Recently, Ningbo traders have shipped more goods. The spot premiums remained low amid sufficient spot goods. The downstream purchased goods for essential needs.