Ningbo Zinc: Premiums Remain Stable, Focus on Subsequent Market Arrivals [SMM Midday Review]

SMM March 28 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 23,750-23,930 yuan/mt. The conventional brands in Ningbo quoted a premium of 30 yuan/mt against the 2504 contract and a premium of 40 yuan/mt against the Shanghai spot cargo. Mainstream brands in Ningbo quoted against the 2504 contract. In the first period, Yongchang quoted a premium of 40 yuan/mt against the 2504 contract, Qilin quoted a delivered premium of 80 yuan/mt against the 2504 contract, Honglu-v quoted a premium of 40 yuan/mt against the 2504 contract, and Huize quoted a premium of 60 yuan/mt against the 2504 contract. In the second period, traders' quotations remained unchanged from the previous period. Traders in the Ningbo market were indifferent to selling, and spot premiums remained stable today. Some downstream users purchased at low prices, and overall spot transactions improved MoM. Qilin zinc ingots may arrive early next week, and with continuous supply replenishment, spot premiums are expected to fluctuate next week. 》Order to view SMM metal spot historical prices.