Ningbo Zinc: Numerous Traders Shipping Goods, Premium Slightly Adjusted [SMM Midday Review]

SMM reported on April 15: The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,810-22,930 yuan/mt. The conventional brands in Ningbo quoted a premium of 250 yuan/mt against the 2505 contract and a premium of 30 yuan/mt against the Shanghai spot price. The mainstream in the Ningbo area quoted against the 2505 contract. In the first period, Yongchang quoted a premium of 250-280 yuan/mt against the 2505 contract, Qilin quoted a premium of 250-280 yuan/mt against the 2505 contract, Baiyin quoted a premium of 250 yuan/mt against the 2505 contract, and Honglu-v quoted a premium of 280 yuan/mt against the 2505 contract. In the second period, traders' quotations remained unchanged from the previous period. Zinc ingot long-term contracts arrived successively, and many traders in Ningbo shipped today. Some factory-delivered zinc ingots impacted domestic warehouse transactions at low prices. Today, the spot premiums in Ningbo declined, downstream enterprises made just-in-time procurement, and overall spot transactions showed no improvement. 》Order to view SMM metal spot historical prices.