Downstream purchases in Ningbo zinc market were poor

In Ningbo market, #0 zinc was traded at 23095-23250 yuan/mt. The spot prices of Ningbo regular brands were quoted with discounts of 50 yuan/mt over the SHFE 2406 contract, and with premiums of 30 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the SHFE 2406 contract. In the first trading period, Yongchang was quoted a discount of 50 yuan/mt over the 2406 contract, and Huize a premium of 60 yuan/mt for the contract; Honglu with discounts of 100 yuan/mt. in the second trading period, traders quoted prices at the same level as the previous period. Traders actively quoted for shipments, and spot quotes changed little. There was no significant improvement in overall spot transactions.