Ningbo Zinc: Futures Market Maintains Fluctuating Trend with Stable Premiums [SMM Midday Review]

SMM March 4 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,635-23,800 yuan/mt. Conventional brands in Ningbo quoted on par with the 2504 contract and with a spot premium of 10 yuan/mt against Shanghai spot prices. Mainstream brands in Ningbo quoted against the 2503 contract. During the first time period, Yongchang quoted a premium of 0-10 yuan/mt against the 2504 contract, Qilin quoted on par with the 2504 contract, Honglu-v quoted a premium of 30 yuan/mt against the 2503 contract, and Baiyin quoted a premium of 20 yuan/mt against the 2503 contract. During the second time period, traders' quotes remained unchanged from the previous period. Zinc ingot long-term contracts were gradually delivered to the Ningbo market, with traders focusing on shipments, while downstream enterprises made just-in-time procurement based on orders. Overall transactions today showed no significant improvement, and spot premiums in the market remained stable.