Spot zinc in Ningbo: Imported zinc continued to arrive, trading was poor

In Ningbo market, #0 zinc was traded at 21105-21260 yuan/mt. The spot prices of regular brand were quoted with premiums of 25 yuan/mt over the 2404 contract, and with premiums of 70 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2404 contract. In the first trading period, Yongchang was quoted a premium of 30 yuan/mt over the 2404 contract, and Lanxin zinc quoted a premium of 50 yuan/mt for the 2404 contract; Qilin with premiums of 40 yuan/mt, delivery-to-factory. In the second trading period, traders quoted prices at the same level as the previous period, with almost no trading. Recently, imported zinc ingots have continued to flow into Ningbo, and low prices have impacted domestic zinc ingots, suppressing spot premiums of domestic zinc. Domestically produced zinc ingots have almost reported no transactions due to low imported zinc prices.