Low-Price Pre-Sale of Imported Zinc Ingots, Struggling to Rise in Domestic Premiums in Ningbo [SMM Ningbo Spot Cargo Weekly Review]

SMM April 25 News: This week, spot premiums in Ningbo maintained a fluctuating trend, with the weekly average price down 55 yuan/mt WoW. As of Friday, spot prices in Ningbo against the 2505 contract were at a premium of 175 yuan/mt, on par with Shanghai premiums. Few traders in Ningbo were active in selling this week. Although some downstream companies started pre-holiday stockpiling purchases, as the futures market continued to rise, corporate sentiment turned cautious. Additionally, some traders continuously pre-sold imported zinc ingots at low prices, which impacted the trading of domestic zinc ingots. Domestic spot premiums struggled to rise during the week, and it is expected that spot premiums will maintain a fluctuating trend next week. 》Order to view SMM metal spot historical prices