Ningbo Zinc: Spot Premiums Remain Stable amid Moderate Transactions

The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,750-22,970 yuan/mt. Ningbo's regular brands quoted a premium of 40 yuan/mt over the 2409 contract and a premium of 40 yuan/mt over Shanghai spot prices. The mainstream brands in Ningbo quoted premiums over the 2409 contract. In the first time period, Yongchang quoted a premium of 40 yuan/mt over the 2409 contract, and Qilin quoted a premium of 80 yuan/mt delivered. In the second time period, traders' quotes remained the same as in the previous period. The market fluctuated, and traders' spot premiums remained stable. With continuous imports, some downstream buyers had accumulated a certain amount of raw material inventory from previous purchases. Today, there were few downstream inquiries, and with restock as needed, spot transactions were relatively moderate.