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Ningbo Zinc: Traders Continue to Stand Firm on Quotes, Spot Premiums Rise [SMM Midday Review]
Mar 31, 2025, at 11:44 am
Ningbo Zinc: Traders Stand Firm on Quotes, Spot Premiums Rise. The transaction price of mainstream brand 0# zinc in the Ningbo market was around 23,425-23,695 yuan/mt. The premium of conventional brands in Ningbo against the 2504 contract was 55 yuan/mt, and the premium against Shanghai spot cargo was 50 yuan/mt. Mainstream brands in the Ningbo region quoted against the 2504 contract...
SMM March 31: In the Ningbo market, the mainstream brand 0# zinc transaction price was around 23,425-23,695 yuan/mt. The conventional brand in Ningbo quoted a premium of 55 yuan/mt against the 2504 contract and a premium of 50 yuan/mt against the Shanghai spot cargo. Mainstream brands in Ningbo quoted against the 2504 contract. In the first period, Yongchang quoted a premium of 60 yuan/mt against the 2504 contract, Qilin quoted a premium of 50-60 yuan/mt against the 2504 contract, and Honglu-v quoted a premium of 60 yuan/mt against the 2504 contract. In the second period, traders' quotes remained unchanged from the previous period. Today, there were not many traders selling in Ningbo, and the futures market showed a significant overall decline. Traders continued to stand firm on quotes for spot premiums, and downstream companies made purchases at low points. The spot transaction performance in the market was good, and attention was paid to the subsequent arrival of zinc ingots in Ningbo. 》Order to view SMM metal spot historical prices.
