Ningbo Zinc: Some Downstream Sectors Begin Stockpiling, Premiums Remain High [SMM Midday Review]

Apr 23, 2025, at 11:29 am

Ningbo Zinc: Some Downstream Users Begin Stockpiling, Premiums Remain High. The transaction price of mainstream brand 0# zinc in the Ningbo market was around 22,805-23,000 yuan/mt. The premium of conventional brands in Ningbo against the 2505 contract was 180 yuan/mt, on par with the spot cargo in Shanghai. Mainstream brands in Ningbo quoted against the 2505 contract.

SMM April 23 News: The mainstream brand 0# zinc transaction price in the Ningbo market was around 22,805-23,000 yuan/mt. The conventional brand in Ningbo quoted a premium of 180 yuan/mt against the 2505 contract, on par with the Shanghai spot price. Mainstream brands in Ningbo quoted against the 2505 contract. In the first period, Qilin quoted a delivered premium of 240-250 yuan/mt against the 2505 contract, while Honglu-v quoted a premium of 180 yuan/mt against the 2505 contract. In the second period, traders' quotations remained unchanged from the previous period. The long-term contract for the current month is nearing its end, and there were fewer traders selling in the Ningbo market today. Overall spot premiums remained high, and some downstream users started stockpiling for the May Day holiday, with purchasing willingness increasing. Some traders reported improved spot transactions today. 》Order to view SMM metal spot historical prices

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Ningbo Zinc: Some Downstream Sectors Begin Stockpiling, Premiums Remain High [SMM Midday Review]

Premiums and Discounts for Various Brands of 0# Zinc in Ningbo on April 23

Premiums and Discounts for Various Brands of 0# Zinc in Shanghai on April 23