Ningbo Zinc: Traders actively offer quotes, with relatively small changes in premium [SMM Midday Review]

SMM July 7 News:

The mainstream 0# zinc transaction price in Ningbo market ranged around 22,180-22,340 yuan/mt. Conventional brands in Ningbo quoted a premium of 90 yuan/mt against the 2508 contract, at parity with Shanghai spot prices. Mainstream brands in Ningbo primarily quoted against the 2508 contract. In the first session, Yongchang quoted a premium of 100 yuan/mt against the 2508 contract, Qilin offered a delivered premium of 140 yuan/mt against the 2508 contract, and Honglu-V zinc ingot quoted a premium of 100 yuan/mt against the 2508 contract. In the second session, traders maintained unchanged quotes from the previous session. Today, Ningbo market traders actively quoted, with spot premiums showing relatively small changes WoW. The futures market edged lower, prompting some downstream users to purchase at lower prices, with buying enthusiasm up WoW, though overall transaction improvements remained limited.

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