Ningbo Zinc: Traders Continue to Stand Firm on Quotes, Premiums Remain High [SMM Midday Review]

Published: Mar 21, 2025 11:51

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[Ningbo Zinc: Traders Continue to Stand Firm on Quotes, Premiums Remain High] The transaction price for mainstream 0# zinc brands in the Ningbo market was around 23,845-23,970 yuan/mt. Regular brands in Ningbo quoted a premium of 50 yuan/mt against the 2504 contract and a premium of 50 yuan/mt against Shanghai spot. In the Ningbo area, quotations were mainly made against the 2504 contract.

SMM Mar 21: In the Ningbo market, the transaction price of mainstream brand 0# zinc was around 23,845-23,970 yuan/mt. The premium for regular brands in Ningbo against the 2504 contract was 50 yuan/mt, and the premium against Shanghai spot cargo was also 50 yuan/mt. The main quotations in the Ningbo area were made against the 2504 contract. During the first period, Yongchang quoted a premium of 50 yuan/mt against the 2504 contract, while Qilin quoted a premium of 50-60 yuan/mt against the 2504 contract. In the second period, traders' quotes remained unchanged from the previous period. The supply in the Ningbo market did not improve today, and sellers continued to stand firm on quotes. The premium remained high, and downstream buyers made purchases based on rigid demand, with overall spot transactions remaining stable. 》Order to view SMM metal spot historical prices

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