Ningbo Zinc: Limited Market Shipments, Premiums Up MoM [SMM Midday Review]

SMM March 18 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,830-24,120 yuan/mt. Regular brands in Ningbo quoted a premium of 30 yuan/mt against the 2504 contract and a premium of 30 yuan/mt against Shanghai spot. Mainstream quotations in Ningbo were made against the 2504 contract. During the first time period, Yongchang quoted a delivered premium of 30 yuan/mt against the 2504 contract, Qilin quoted a premium of 30 yuan/mt against the 2504 contract, and Huize quoted a premium of 60 yuan/mt against the 2504 contract. During the second time period, traders' quotations remained unchanged from the previous period. Today, there were few traders shipping in Ningbo. The futures market declined compared to yesterday, enterprise inquiry sentiment improved, and traders raised today's spot premiums. Downstream enterprises made purchases based on pricing, and overall spot transactions improved.

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