Ningbo Zinc: Premiums Down MoM, Downstream Just-in-Time Procurement [SMM Midday Review]

SMM June 4 News: The transaction prices of mainstream brand 0# zinc in the Ningbo market were around 22,880-22,995 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 550 yuan/mt against the 2507 contract and at a premium of 40 yuan/mt against Shanghai spot cargo. Quotations for the 2507 contract began in the Ningbo region. In the first session, Yongchang quoted a premium of 550 yuan/mt against the 2507 contract, while Qilin quoted premiums of 220-240 yuan/mt against the 2506 contract. In the second session, traders' quotations remained unchanged from the previous session. The futures market continued to fluctuate. With some downstream players holding substantial raw material inventory, their purchase willingness remained low today. Traders slightly lowered their spot premium quotations, and spot trades remained sluggish.

》Subscribe to view historical SMM metal spot prices