The low-priced delivery of zinc ingots impacted the Ningbo market, with spot premiums continuously declining throughout the week. [SMM Ningbo Spot Weekly Review]

Published: Apr 18, 2025 14:18

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The low-priced delivered zinc ingots impacted the Ningbo market, with spot premiums declining throughout the week. This week, spot premiums in Ningbo decreased, down 35 yuan/mt WoW. As of Friday, spot prices against the 2505 contract in Ningbo were at a premium of 180 yuan/mt, with a premium of around 10 yuan/mt against the SHFE contract.

SMM reported on April 18: Spot premiums in Ningbo declined this week, down 35 yuan/mt WoW. As of Friday, spot prices in Ningbo were at a premium of 180 yuan/mt against the 2505 contract and around 10 yuan/mt against Shanghai prices. During the week, low-priced zinc ingots delivered by Qilin and Hualian impacted the Ningbo market, affecting the transactions of self pick-up goods from Ningbo warehouses. Additionally, downstream buyers had stocked up raw materials last week by purchasing at low prices, resulting in low purchase willingness this week. Traders continuously lowered spot premium prices within the week to boost sales, and it is expected that Ningbo premiums may continue to decline next week.

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