[Ningbo Spot Premiums Fluctuated Rangebound, Weekly Average Price Was Flat WoW]: This week, Ningbo spot premiums fluctuated rangebound, with the weekly average price basically flat WoW. As of this Friday, spot prices against the 2504 contract in Ningbo were quoted at a premium of 15 yuan/mt...
SMM March 14 News: This week, Ningbo spot premiums fluctuated rangebound, remaining basically flat WoW compared to the weekly average price. As of this Friday, Ningbo spot premiums against the 2504 contract were quoted at 15 yuan/mt, with a premium of around 30 yuan/mt against SHFE. Early in the week, zinc ingot shipments in the Ningbo market were limited, and downstream buyers made moderate purchases at lower prices, resulting in decent transactions. However, as the futures market rebounded, Kirin zinc ingots continued to arrive at Ningbo warehouses, increasing the market's zinc ingot supply. Downstream inquiries and purchase willingness were low, leaving spot premiums with insufficient upward momentum and maintaining a fluctuating trend throughout the week. With no significant improvement in consumption, spot premiums are expected to show no improvement next week. 》Subscribe to view SMM historical spot metal prices
