Ningbo Zinc: Premiums Continue to Decline, Trading Performance Moderate [SMM Midday Review]

SMM, June 23:

In the Ningbo market, the transaction prices of mainstream brand 0# zinc ranged from approximately 21,960 to 22,125 yuan/mt. The quotes for conventional brands in Ningbo were at a premium of 130 yuan/mt against the 2507 contract, and at a premium of 30 yuan/mt against Shanghai spot cargo. The mainstream quotes in Ningbo were against the 2507 contract. In the first session, Yongchang quoted a premium of 130 yuan/mt against the 2507 contract, Honglu-v quoted a premium of 130 yuan/mt against the 2507 contract, and Huize quoted a premium of 250 yuan/mt against the 2507 contract. In the second session, traders' quotes remained unchanged from the previous session. As the month-end approached, traders in the market actively sold off their inventory. The futures market maintained a fluctuating trend. Today, traders continued to lower their spot premium quotes. However, downstream enterprises continued to restock based on immediate needs, and overall spot transaction volumes did not show significant improvement.

》Subscribe to view SMM metal spot historical prices