Zinc Prices In Ningbo Rose And Consumption Weakened

In Ningbo market, #0 zinc was traded at 21265~21410 yuan/mt. The spot prices of regular brand were quoted with premiums of 110~120 yuan/mt over the 2311 contract, and with discounts of 50 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2311 contract.

In the first trading session, premiums of Tiefeng and Yongchang were 110~130 yuan/mt and 130~140 yuan/mt over the 2311 contract. Zinc prices rose, downstream purchasing sentiment became weaker, and sellers continued to adjust prices. In the second trading session, Tiefeng zinc was quoted with premiums of 110~120 yuan/mt over the SHFE 2311 zinc contract. Zinc prices rose, downstream purchasing sentiment became weaker, and sellers continued to adjust prices. However, imported zinc continued to impact domestic zinc consumption.