Imported Zinc Ingots Flooded Into the Ningbo Market and Popular With Downstream Buyers

#0 zinc in Ningbo was quoted with premiums of 220-230 yuan/mt over SHFE 2306 zinc contract last week. The premiums rose to 30-40 yuan/mt against Shanghai prices. Imported zinc ingots flooded into the Ningbo market last week, and the premiums were 160-180 yuan/mt. 

Prices of most imported zinc on a delivery to factory basis were lower than prices of normal brands such as Tiefeng zinc on an ex-factory basis. Imported zinc was popular with downstream buyers, and the consumption of normal brands was weak. Spot premiums were stable during the week.

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