Ningbo Zinc: Limited Market Supply, High Premiums Maintained [SMM Midday Review]

SMM April 1: In the Ningbo market, the mainstream brand 0# zinc transaction price was around 23,540-23,730 yuan/mt. The conventional brands in Ningbo quoted a premium of 60 yuan/mt against the 2504 contract and a premium of 50 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 60 yuan/mt against the 2504 contract, Qilin quoted a premium of 60 yuan/mt against the 2504 contract, Honglu-v quoted a premium of 60 yuan/mt against the 2504 contract, and Huize quoted a premium of 100 yuan/mt against the 2505 contract. In the second period, traders' quotations remained unchanged from the previous period. Spot transactions were good yesterday as traders sold in large quantities. Today, the market had limited cargo, and traders quoted passively, with spot premiums remaining high. Some downstream companies had already prepared their pre-holiday inventory by purchasing at low prices yesterday, while other companies maintained purchasing as needed. Spot transactions today were worse MoM. 》Order to view SMM metal spot historical prices