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Ningbo Zinc: Premiums Fluctuate, Average Trading Performance [SMM Midday Review]
Mar 03, 2025, at 12:18 pm
[Ningbo Zinc: Premiums Fluctuate, Average Trading Performance] The mainstream transaction price of 0# zinc in the Ningbo market was around 23,555-23,790 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 cargo. Mainstream brands in Ningbo quoted against the 2503 contract...
SMM March 3 News: The mainstream transaction price of 0# zinc in the Ningbo market was around 23,555-23,790 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 the Shanghai spot cargo. Mainstream quotations in the Ningbo region were based on the 2503 contract. During the first time period, Qilin quoted a delivered premium of 50 yuan/mt against the 2504 contract, Honglu-v quoted a premium of 20 yuan/mt against the 2503 contract, and Baiyin quoted a premium of 10 yuan/mt against the 2503 contract. During the second time period, traders' quotations remained unchanged from the previous period. Today, traders in the Ningbo market focused on selling, while downstream enterprises showed low purchase willingness. The upward momentum for spot premiums was insufficient, and enterprises purchased only to meet rigid demand. Overall, spot transactions were average. 》Subscribe to view SMM historical spot metal prices
