Ningbo Zinc: Entered New Year's Long-Term Contract, Market Shipments Yet to Arrive [SMM Midday Review]

SMM December 26 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 26,195-26,335 yuan/mt. Conventional brands in Ningbo quoted a premium of 410 yuan/mt against the 2501 contract and a premium of 80 yuan/mt against the Shanghai spot price. Mainstream quotations in the Ningbo region were based on the 2501 contract. During the first time period, Yongchang quoted a premium of 410 yuan/mt against the 2501 contract; during the second time period, traders' quotations remained unchanged from the previous period. At the end of the year, most Ningbo traders closed their accounts. Today, new annual long-term contracts began, but no zinc ingot deliveries were seen for long-term contracts, and there were still no quotations in the Ningbo market. Further attention will be paid to subsequent market arrivals.

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