SMM June 27 News:
This week, premiums in Ningbo continued to weaken, with the weekly average price decreasing by 90 yuan/mt WoW. As of Friday this week, spot prices in Ningbo against the 2507 contract were quoted at a premium of 70-80 yuan/mt, and against the SHFE, at a premium of 30 yuan/mt. The spot premiums maintained a fluctuating trend within the week. During the week, zinc ingots from Qilin and Anning arrived in Ningbo, supplementing market supply. However, due to poor orders from some downstream sectors, demand for zinc ingots weakened. Additionally, zinc prices rose steadily throughout the week, dampening enterprises' purchasing sentiment. This resulted in poor sales for zinc ingot traders, with spot premiums continuing to fall. It is expected that premiums may decline further next week.
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