SMM News on June 20:
This week, the premium in Ningbo continued to decline, decreasing by 105 yuan/mt WoW average price. As of Friday, spot prices against the 2507 contract in Ningbo were quoted at a premium of 145 yuan/mt, and against the SHFE, they were at a premium of 30 yuan/mt. The futures market maintained a fluctuating trend during the week. Although some enterprises restocked when prices were low, overall, restocking was based on demand. Spot consumption was weak. To facilitate sales, traders continuously lowered their premium quotes. It is expected that premiums may continue to decline next week.
》Subscribe to view historical SMM metal spot prices
