SMM February 6 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,280-23,655 yuan/mt. Conventional brands in Ningbo quoted a premium of 105 yuan/mt against the 2502 contract and a premium of 30 yuan/mt against the Shanghai spot price. Mainstream quotations in the Ningbo region were made against the 2502 contract. During the first time period, Qilin quoted a delivered premium of 170-200 yuan/mt against the 2503 contract; during the second time period, traders' quotations remained unchanged from the previous period. Some zinc ingot long-term contracts are expected to arrive in the Ningbo market next week. Today, traders in the Ningbo market adopted a passive selling approach, with spot premiums remaining high. However, downstream enterprises had limited resumption of production, and overall spot transactions remained relatively limited.
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