Zinc in Ningbo Market: Downstream Finished Goods Inventory was High amid Thin Market Transactions_SMM | Shanghai Non ferrous Metals

2022-05-29 02:10:02 By : Mr. bo zhang

SHANGHAI, May 26(SMM) - In Ningbo market, the spot prices of mainstream 0# zinc stood at 25,610-25,740 yuan/mt, with premiums of 80 yuan/mt over Shanghai. Downstream demand was poor in Ningbo market with the traditional peak season receded, while export orders remained sluggish. Most die-casting zinc alloy factories said finished goods inventory was high, resulting in the low operating rates in zinc alloy industry, and the demand was poor. In general, there were few inquiries in the market and quotations were stable, with mainstream brands remaining at 130-140 yuan/mt but transactions were thin.

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