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Ningbo Zinc: Traders Take a Laid-Back Approach to Sales, Premiums Rise Slightly [SMM Midday Review]

  • Feb 27, 2025, at 3:59 am
[Ningbo Zinc: Traders Take a Passive Approach to Sales, Premiums Slightly Increase] The transaction price of mainstream 0# zinc brands in the Ningbo market was around 23,490-23,570 yuan/mt. Regular brands in Ningbo quoted a premium of 20 yuan/mt against the 2503 contract and a premium of 20 yuan/mt against Shanghai spot zinc. Mainstream brands in Ningbo quoted prices against the 2503 contract...
SMM February 27 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,490-23,570 yuan/mt. Conventional brands in Ningbo quoted a premium of 20 yuan/mt against the 2503 contract and a premium of 20 yuan/mt against Shanghai spot. Mainstream quotations in Ningbo were based on the 2503 contract. During the first time period, Qilin quoted a premium of 20-30 yuan/mt against the 2503 contract, Honglu-V quoted a premium of 30 yuan/mt against the 2503 contract, and Hualian quoted a premium of 20 yuan/mt against the 2503 contract. During the second time period, traders' quotations remained unchanged from the previous period. At the beginning of the week, zinc ingots at the port were mostly sold out, and market traders were reluctant to sell at low prices, leading to a slight increase in spot premiums today. The futures market continued to operate at a low level, but some downstream enterprises had completed purchasing as needed in the past two days, resulting in no further improvement in market transactions today. 》Subscribe to view historical SMM metal spot prices
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