Ningbo Zinc: Downstream Purchasing as Needed, Premiums Basically Stable [SMM Midday Review]

Published: Mar 17, 2025 11:48

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Ningbo Zinc: Downstream Purchasing as Needed, Premiums Basically Stable The transaction price of mainstream brands of 0# zinc in the Ningbo market was around 24,140-24,255 yuan/mt. Regular brands in Ningbo quoted a premium of 15 yuan/mt against the 2504 contract and a premium of 20 yuan/mt against Shanghai spot. Mainstream brands in Ningbo quoted against the 2504 contract...

SMM March 17 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 24,140-24,255 yuan/mt. Conventional brands in Ningbo quoted a premium of 15 yuan/mt against the 2504 contract and a premium of 20 yuan/mt against Shanghai spot. Mainstream quotations in Ningbo were based on the 2504 contract. During the first time period, Qilin quoted a delivered premium of 70 yuan/mt against the 2504 contract, Honglu-v quoted a premium of 20 yuan/mt against the 2504 contract, and Huize quoted a premium of 70 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 many traders selling, while downstream purchases and procurement were weak. Today, spot premiums in Ningbo remained basically stable, traders adopted a passive selling approach, and transactions showed no improvement. 》Subscribe to view historical SMM metal spot prices

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