Ningbo Zinc: Ample Market Supply, Downstream Purchases on Demand [SMM Midday Review]

Published: Mar 13, 2025 12:16

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[Ningbo Zinc: Ample Market Supply, Downstream Demand-Driven Purchases] The transaction price of mainstream 0# zinc brands in the Ningbo market was around 24,055-24,210 yuan/mt. Regular brands in Ningbo quoted a premium of 25 yuan/mt against the 2504 contract and a premium of 30 yuan/mt against Shanghai spot. Mainstream quotes in the Ningbo region were based on the 2504 contract...

SMM March 13 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 24,055-24,210 yuan/mt. Conventional brands in Ningbo quoted a premium of 25 yuan/mt against the 2504 contract and a premium of 30 yuan/mt against the Shanghai spot price, with mainstream quotations in Ningbo focusing on the 2504 contract. During the first time period, Yongchang quoted a premium of 30 yuan/mt against the 2504 contract, Qilin quoted a premium of 30 yuan/mt against the 2504 contract, and Honglu-v quoted a premium of 20 yuan/mt against the 2504 contract. During the second time period, traders' quotations remained unchanged from the previous period. Zinc ingots continued to arrive in the Ningbo market, with overall supply being sufficient. The futures market continued to rise, downstream enterprises maintained just-in-time procurement, traders' sales were relatively average, spot premiums showed little change, and overall transactions were moderate. 》Subscribe to view SMM historical spot metal prices

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