Ningbo Zinc: Traders Adopt a Carefree Attitude in Shipping, with Poor Transaction Performance [SMM Midday Review]

SMM News on June 26:

The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,280-22,370 yuan/mt. Regular brands in Ningbo were quoted at a premium of 85 yuan/mt against the 2507 contract, and at a premium of 10 yuan/mt against Shanghai spot cargo. Mainstream players in Ningbo were quoting against the 2507 contract. In the first time slot, Yongchang quoted a premium of 100-140 yuan/mt against the 2507 contract, Qilin quoted a delivered premium of 150 yuan/mt against the 2507 contract, and Huize quoted a premium of 180 yuan/mt against the 2507 contract. In the second time slot, traders' quotes remained unchanged from the previous time slot. The futures market continued to rise compared to yesterday, with downstream players remaining on the sidelines and continuing to purchase as needed. Today, traders in the Ningbo market took a laid-back approach to shipping, with relatively small changes in overall spot premiums and poor spot transaction performance.

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