Ningbo Zinc: Some Downstream Sectors Begin Stockpiling, Premiums Remain High [SMM Midday Review]

SMM April 23 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,805-23,000 yuan/mt. The conventional brand in Ningbo quoted a premium of 180 yuan/mt against the 2505 contract, on par with the Shanghai spot price. Mainstream brands in Ningbo quoted against the 2505 contract. In the first period, Qilin quoted a delivered premium of 240-250 yuan/mt against the 2505 contract, while Honglu-v quoted a premium of 180 yuan/mt against the 2505 contract. In the second period, traders' quotations remained unchanged from the previous period. The long-term contract for the current month is nearing its end, and there were fewer traders selling in the Ningbo market today. Overall spot premiums remained high, and some downstream users started stockpiling for the May Day holiday, with purchasing willingness increasing. Some traders reported improved spot transactions today. 》Order to view SMM metal spot historical prices