Ningbo Zinc: Limited market supply, premium remains high [SMM Midday Review]

SMM May 23 report: The transaction prices of mainstream brand 0# zinc in the Ningbo market were around 22,735-22,815 yuan/mt. The mainstream brands in Ningbo offered a spot premium of 265 yuan/mt against the 2506 contract and a spot premium of 70 yuan/mt against Shanghai spot cargo. The mainstream market in Ningbo quoted prices against the 2506 contract. In the first session, Honglu-v offered a spot premium of 270 yuan/mt against the 2506 contract, while Spain offered a spot premium of 200 yuan/mt against the 2506 contract. In the second session, traders maintained the same quotes as the previous session. The market supply volume remained unchanged, and traders continued to offer zinc ingot prices for pre-sale. Today, the spot premiums in the market still remained unchanged. Downstream enterprises made purchases as needed, and spot transactions performed moderately. It is expected that with the arrival of zinc ingot shipments next week, the spot premiums may decline accordingly.

》Subscribe to view historical SMM metal spot prices