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

Published: Mar 21, 2025 11:53

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[Ningbo Zinc:Traders Continue to Stand Firm on Quotes, Premiums Remain High]In the Ningbo market, the transaction price of mainstream brand 0# zinc was around 23,845-23,970 yuan/mt. The 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....

SMM March 21 News: In the Ningbo market, the transaction price of mainstream brand 0# zinc was around 23,845-23,970 yuan/mt. The 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. 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. During the second period, traders' quotes remained unchanged from the previous period. The supply in the Ningbo market did not improve today, and traders continued to stand firm on their quotes. The premiums remained high, with downstream buyers purchasing based on rigid demand. Overall, the spot transactions were stable.

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