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Ningbo Zinc: Premiums Decline in Ningbo, No Improvement in Transactions [SMM Midday Review]
Apr 17, 2025, at 11:53 am
【Ningbo Zinc: Premiums in Ningbo Declined, No Improvement in Transactions】The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,390-22,585 yuan/mt. The premium of regular brands in Ningbo against the 2505 contract was 200 yuan/mt, and the premium against Shanghai spot cargo was 10 yuan/mt. Mainstream brands in Ningbo quoted against the 2505 contract...
SMM April 17 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,390-22,585 yuan/mt. The conventional brands in Ningbo quoted a premium of 200 yuan/mt against the 2505 contract and a premium of 10 yuan/mt against the Shanghai spot cargo. Mainstream brands in Ningbo quoted against the 2505 contract. In the first period, Yongchang quoted a premium of 200 yuan/mt against the 2505 contract, Qilin quoted a premium of 200 yuan/mt against the 2505 contract, and Honglu-v quoted a premium of 240 yuan/mt against the 2505 contract. In the second period, traders' quotations remained unchanged from the previous period. Today, there were not many traders selling in the Ningbo market, but downstream buyers tended to purchase low-priced delivered zinc ingots. Self pick-up zinc ingots from warehouses were slightly sluggish in sales. Traders continued to lower today's spot premiums, but the futures market rebounded slightly, and spot transactions in the market showed no improvement. 》Order to view SMM metal spot historical prices.
