Ningbo Zinc: Few Quotes from Traders, Sluggish Market Trading [SMM Midday Review]

SMM News, January 20: The mainstream transaction price of 0# zinc in the Ningbo market was around 24,285-24,530 yuan/mt. Regular brands in Ningbo quoted a premium of 205 yuan/mt against the 2502 contract and a premium of 20 yuan/mt against Shanghai spot. Mainstream quotes in Ningbo were based on the 2502 contract. During the first time period, Qilin quoted a premium of 200 yuan/mt against the 2502 contract; during the second time period, traders' quotes remained unchanged from the previous period. This week, some major zinc alloy factories in Ningbo gradually went on holiday, leading to low purchase willingness for raw materials from downstream buyers. Additionally, as the year-end approached, traders in the Ningbo market also began to take breaks. Today, there were almost no offers from suppliers in Ningbo, and overall spot trading was sluggish.

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