Ningbo Zinc: Traders Mostly on Break, Pre-Holiday Atmosphere Sluggish [SMM Midday Review]

SMM, January 24: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,675-23,885 yuan/mt. Conventional brands in Ningbo quoted a premium of 20 yuan/mt against the 2502 contract and a premium of 20 yuan/mt against the Shanghai spot price, with mainstream quotations in Ningbo based on the 2502 contract. During the first time period, Qilin quoted a premium of 20 yuan/mt against the 2502 contract; during the second time period, traders' quotations remained unchanged from the previous period. With the Chinese New Year holiday approaching, no spot quotations were seen in the Ningbo market today. The futures market rebounded from a low level, premiums slightly declined, and the sluggish pre-holiday atmosphere persisted.

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