Ningbo Zinc: Some traders have completed selling off goods at low prices, and the premium has rebounded somewhat [SMM Midday Review]

SMM July 17 news:

In the Ningbo market, the mainstream brand 0# zinc transaction price stood at 22,080-22,170 yuan/mt. Conventional brands in Ningbo quoted a premium of 20 yuan/mt against the 2508 contract and parity against Shanghai spot prices. Mainstream brands in Ningbo primarily quoted against the 2508 contract. In the first session, Yongchang offered premiums of 20-40 yuan/mt against the 2508 contract, Honglu-v quoted a premium of 60 yuan/mt against the 2508 contract, and Huize zinc ingot commanded a premium of 100 yuan/mt against the 2508 contract. During the second session, traders maintained quotes unchanged from the previous session. Some traders completed low-price inventory clearance yesterday and refrained from spot quotations today. Spot premiums in Ningbo rebounded today, but downstream orders remained weak, with procurement largely maintained on an as-needed basis. Spot market transactions performed moderately today.

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