Ningbo Zinc: Spot Premiums Decline as Some Traders Presell Spot Cargoes [SMM Midday Review]

SMM December 31 News: The transaction prices of mainstream 0# zinc brands in the Ningbo market were around 25,960-26,065 yuan/mt. Conventional brands in Ningbo quoted a premium of 390 yuan/mt against the 2501 contract and a premium of 90 yuan/mt against Shanghai spot. Mainstream quotations in Ningbo were based on the 2501 contract. During the first time period, Honglu-v quoted a premium of 390 yuan/mt against the 2501 contract; during the second time period, traders' quotations remained unchanged from the previous period. Recently, some traders have continued to pre-sell domestically produced zinc ingots expected to arrive this week or next week. After the New Year, the market may see an increase in arrivals. Spot premiums continued to decline today, but year-end downstream inventory checks have halted procurement, resulting in sluggish market transactions.

》Subscribe to View SMM Historical Spot Metal Prices