Zinc Prices In Ningbo Slid And Shipments Accelerated

In Ningbo market, #0 zinc was traded at 21010~21140 yuan/mt. The spot prices of regular brand were quoted with premiums of 100~120 yuan/mt over the 2312 contract, and with discounts of 30 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2311 contract. Some qutoes were shifted to December contract.

In the first trading session, premiums of Tiefeng were 70~80 yuan/mt over the 2311 contract and 100~120 yuan/mt over the 2312 contract. Spot stocks were tight, and sellers shipped goods quickly. In the second trading session, Tiefeng zinc was quoted with premiums of 70~80 yuan/mt over the SHFE 2311 zinc contract. Zinc prices fell, and the trading was brisk. Due to the small volumes of spot cargoes in the current market, sellers sold goods quickly. There were almost no spot goods in the afternoon.