Ningbo Zinc: Limited Supply Today, Premiums Rose Slightly [SMM Midday Review]

SMM February 26 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,530-23,615 yuan/mt. Conventional brands in Ningbo quoted a premium of 10 yuan/mt against the 2503 contract and a premium of 10 yuan/mt against Shanghai spot. Mainstream brands in Ningbo quoted prices against the 2503 contract. During the first time period, Qilin quoted a discount of 30 yuan/mt against the 2503 contract, Honglu-v quoted a premium of 20 yuan/mt against the 2503 contract, and Huize quoted a premium of 110 yuan/mt against the 2503 contract. During the second time period, traders' quotes remained unchanged from the previous period. Earlier low-priced cargoes from traders were mostly sold out, and the supply in the Ningbo market was limited today. Traders adopted a laid-back approach to quoting, with spot premiums rising slightly. The futures market continued to operate at low levels, while downstream enterprises maintained active inquiries and purchases. Under low-price point purchases, overall spot transactions in Ningbo performed moderately today.

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