Ningbo Zinc: Ningbo Premium Adjusted Upward, Spot Zinc Transactions Moderate [SMM Midday Review]

Published: Apr 3, 2025 11:51

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Ningbo Zinc: Premiums in Ningbo Rose, Spot Cargo Transactions Moderate. The transaction price of mainstream brand 0# zinc in the Ningbo market was around 23,085-23,255 yuan/mt. The premium of conventional brands in Ningbo against the 2505 contract was 120 yuan/mt, and the premium against Shanghai spot cargo was 50 yuan/mt. Mainstream brands in Ningbo quoted against the 2505 contract...

SMM April 3 News: The transaction price of mainstream brand 0# zinc in the Ningbo market was around 23,085-23,255 yuan/mt. The premium of conventional brands in Ningbo against the 2505 contract was 120 yuan/mt, and the premium against Shanghai spot cargo was 50 yuan/mt. Mainstream brands in Ningbo quoted against the 2505 contract. In the first period, Yongchang quoted a premium of 120 yuan/mt against the 2505 contract, Qilin quoted a premium of 120 yuan/mt against the 2505 contract, Honglu-v quoted a premium of 100 yuan/mt against the 2504 contract, and Huize quoted a premium of 150 yuan/mt against the 2504 contract. In the second period, Yongchang lowered its premium against the 2505 contract to 100 yuan/mt, while other traders' quotes remained unchanged from the previous period. Today, the cargo volume in the Ningbo market showed no improvement. Traders raised spot quotes, and zinc prices in the futures market continued to decline. Downstream buyers took advantage of the low prices to pick up goods and make purchases. The overall market performance was moderate. If the futures market remains low next week, spot premiums may stay high. 》Order to view SMM metal spot historical prices

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