Ningbo Zinc: Few Quoting Traders, Sluggish Market Transactions [SMM Midday Review]

SMM December 30 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 26,075-26,230 yuan/mt. Conventional brands in Ningbo quoted a premium of 480 yuan/mt against the 2501 contract and a premium of 170 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 480 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, there were few market quotations from traders, and downstream off-season orders were weak. Similarly, buying sentiment was low today, and sluggish market transactions continued. Attention is focused on the subsequent arrival of zinc ingots in Ningbo.

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