SMM July 4 News:
The transaction price of mainstream 0# zinc brands in Ningbo market ranged around 22,385-22,480 yuan/mt. Conventional brands in Ningbo quoted a premium of 100 yuan/mt against the 2508 contract and 10 yuan/mt against Shanghai spot cargo. Mainstream brands in Ningbo mainly quoted against the 2508 contract. In the first period, Yongchang quoted a premium of 100 yuan/mt against the 2508 contract, Anning quoted 60 yuan/mt, and Huize zinc ingot quoted 200 yuan/mt. In the second period, traders' quotations remained unchanged from the previous period. Today, Ningbo traders' quotations were basically stable, while the futures market maintained a fluctuating trend. Downstream demand remained weak with mediocre raw material demand, and spot transactions showed mediocre performance.
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