The mainstream transaction price of 0# zinc in the Ningbo market was around 24,165-24,375 yuan/mt. Regular brands in Ningbo quoted spot discounts of 85 yuan/mt against the 2406 contract and spot premiums of 20 yuan/mt against Shanghai prices. Cargoes in Ningbo quoted mainly against the 2406 contract. In the first trading period, Yongchang zinc quoted spot discounts of 80 yuan/mt against the 2406 contract, and Huize quoted spot premiums of 70 yuan/mt against the 2405 contract. In the second trading period, traders' quotes were flat compared to the previous period. Today, the market saw a slight decline, with downstream buyers pricing at low points more frequently. Some downstream buyers, worried about a potential price increase, started purchasing futures. Spot discounts narrowed slightly, and overall spot transactions improved compared to yesterday.



