SMM News on January 23: The transaction price of mainstream 0# zinc brands in the Ningbo market was around 23,660-24,095 yuan/mt. Regular brands in Ningbo quoted a premium of 30 yuan/mt against the 2502 contract and a premium of 20 yuan/mt against the Shanghai spot price. Mainstream quotations in Ningbo were based on the 2502 contract. During the first time period, Qilin quoted a premium of 30 yuan/mt against the 2502 contract; during the second time period, traders' quotations remained unchanged from the previous period. Most traders and downstream enterprises in the Ningbo market have entered the holiday mode, with almost no trader offering prices today, and downstream inquiries and purchases were similarly rare. Market trading remained sluggish.
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