Ningbo Zinc: Some Traders Dump Goods, Premiums Continue to Decline [SMM Midday Review]

Published: Feb 17, 2025 11:55

Save

[Ningbo Zinc: Some Traders Dump Cargoes, Premiums Continue to Decline] The transaction price of mainstream 0# zinc brands in the Ningbo market was around 23,590-23,865 yuan/mt. Regular brands in Ningbo quoted a premium of 5 yuan/mt against the 2503 contract and on par with Shanghai spot prices. Mainstream brands in Ningbo quoted against the 2503 contract...

SMM February 17 News: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 23,590-23,865 yuan/mt. Conventional brands in Ningbo quoted a premium of 5 yuan/mt against the 2503 contract and on par with Shanghai spot prices. Mainstream quotes in Ningbo were based on the 2503 contract. During the first time period, Qilin quoted on par with the 2503 contract, Honglu-v quoted a premium of 20 yuan/mt against the 2503 contract, and Huize quoted a premium of 100 yuan/mt against the 2503 contract. During the second time period, traders' quotes remained unchanged from the previous period. Over the weekend, long-term contract zinc ingots continued to arrive in the Ningbo market. The futures market rebounded from a low level in the morning. Today, some traders sold at parity, leading to a slight decline in spot premiums. Downstream buyers actively purchased low-priced zinc ingots, but transactions from other sellers remained sluggish. Overall trading was still moderate, and further attention is needed on the recovery of downstream consumption.

》Subscribe to View SMM Historical Spot Metal Prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Significant Inventory Pressure Continued to Cap Zinc Prices on the Upside [SMM Zinc Brief Review]

[Heavy Inventory Pressure Continues to Cap Zinc Prices on the Upside] The most-traded SHFE zinc 2605 contract opened at 23,915 yuan/mt. In early trading, as bears reduced positions, SHFE zinc gradually rose to above the daily average line and touched a high of 24,055 yuan/mt. Later, as bears added positions, SHFE zinc gradually fell below the daily average line and hit a low of 23,720 yuan/mt, finally closing down at 23,730 yuan/mt.....

2 hours ago

Data: SHFE, DCE market movement (Mar 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Mar , 2026

2 hours ago

9 hours ago

China Inventory Continued to Increase, SHFE Zinc Fluctuated Downward [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2604 contract opened at 23,930 yuan/mt. In early trading, SHFE zinc briefly rose to a high of 23,970 yuan/mt, then bulls reduced open interest, dragging the price center lower and leaving it in the doldrums. It touched a low of 23,820 yuan/mt during the session and finally closed down at 23,880 yuan/mt, down 25 yuan/mt, or 0.1. Trading volume fell to 29,661 lots, while open interest decreased by 531 lots to 76,786 lots.

9 hours ago