Ningbo Zinc: Weak downstream orders, no improvement in transactions [SMM Midday Review]

Published: Jun 25, 2025 11:34

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[Ningbo Zinc: Weak downstream orders, no improvement in transactions] The transaction price of mainstream 0# zinc brands in the Ningbo market is around 22,185-22,245 yuan/mt. The premium for mainstream brands in Ningbo against the 2507 contract is 100 yuan/mt, and the premium against Shanghai spot cargo is 10 yuan/mt. Mainstream brands in the Ningbo region are quoting against the 2507 contract...

SMM June 25 news:

The mainstream 0# zinc transaction price in Ningbo market ranged between 22,185-22,245 yuan/mt. Conventional brands in Ningbo quoted a premium of 100 yuan/mt against the 2507 contract and 10 yuan/mt against Shanghai spot cargo. Mainstream offers in Ningbo were made against the 2507 contract. In the first period, Yongchang quoted premiums of 100-120 yuan/mt against the 2507 contract, while Qilin offered 100 yuan/mt premium against the same contract. During the second period, traders maintained unchanged quotes from the previous period. The futures market maintained fluctuating trend, with Ningbo traders holding steady spot premiums. Some downstream orders remained weak with low procurement sentiment, and overall spot transactions showed no improvement today.

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