Ningbo Zinc: The drop in purchasing prices has little impact on transactions

In Ningbo market, #0 zinc was traded at 21735-21955 yuan/mt. The spot prices of regular brand were quoted with premiums of 380~400 yuan/mt over the 2311 contract, and with discounts of 0 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, Tiefeng zinc was quoted with premiums of 380~400 yuan/mt over the SHFE 2311 zinc contract. In the second trading session, Tiefeng zinc was quoted with premiums of 380~400 yuan/mt over the SHFE 2311 zinc contract. Despite the decline in zinc prices, most of the downstream buyers purchased as required. Overall, the transactions were lukewarm.