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Ningbo Zinc: Some Traders Begin Pre-Sales, Premiums Adjusted Upward [SMM Midday Review]
Apr 02, 2025, at 11:41 am
Ningbo Zinc: Some Traders Began Pre-Sales, Premiums Increased
The transaction price of mainstream brand 0# zinc in the Ningbo market was around 23,340-23,530 yuan/mt. The premium of conventional brands in Ningbo was 100 yuan/mt against the 2505 contract, and 50 yuan/mt against Shanghai spot cargo. The contract rollover in the Ningbo region was quoted against the 2505 contract...
SMM April 2 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 23,340-23,530 yuan/mt. The conventional brands in Ningbo quoted a premium of 100 yuan/mt against the 2505 contract and a premium of 50 yuan/mt against the Shanghai spot cargo. In the Ningbo area, the contract rollover was quoted against the 2505 contract. In the first period, Yongchang quoted a premium of 100 yuan/mt against the 2505 contract, Qilin quoted a premium of 100-120 yuan/mt against the 2505 contract, Honglu-v quoted a premium of 70 yuan/mt against the 2504 contract, and Huize quoted a premium of 90 yuan/mt against the 2504 contract. In the second period, traders' quotations remained unchanged from the previous period. With few traders in the Ningbo market and limited cargo volume, some traders began to offer pre-sale quotations. Coupled with a slight decline in the futures market, the spot premiums in Ningbo were adjusted upward today, and the overall spot transaction performance was moderate. 》Order to view SMM metal spot historical prices
