Few quotes by traders in Ningbo zinc market, purchases were poor

In Ningbo market, #0 zinc was traded at 22420-22755 yuan/mt. The spot prices of regular brands were quoted with discounts of 30 yuan/mt over the 2405 contract, and with premiums of 80 yuan/mt over the prices in the Shanghai market. Mainstream quotes in Ningbo market were generally against the 2405 contract. In the first trading period, Qilin was quoted with discounts of 50 yuan/mt for the 2405 contract; in the second trading period, traders quoted prices at the same level as the previous period. Weak downstream purchases generally hit traders’ quotes. Recently, traders in Ningbo market have offered fewer quotations, and the overall spot premiums have not changed much. Downstream continues to purchase on demand, and there is still no obvious improvement in spot transactions.