Ningbo Zinc: Market Traders Offer Few Quotes, Downstream Enterprises Purchase as Needed [SMM Midday Commentary]

Published: Jul 9, 2026 13:15

Save

[Ningbo Zinc: Few Quotes from Traders in the Market, Downstream Enterprises Purchase as Needed] The traded price of mainstream 0# zinc in Ningbo is around 24,430-24,610 yuan/mt, conventional brands in Ningbo are quoted at a discount of 20 yuan/mt against the 2608 contract and at a premium of 40 yuan/mt against Shanghai spot zinc, and mainstream quotes in Ningbo are against the 2608 contract.

SMM July 9 News:

The transaction price of mainstream brand #0 zinc in the Ningbo market was around 24,430-24,610 yuan/mt. Ningbo conventional brands quoted a discount of 20 yuan/mt against the 2608 contract and a premium of 40 yuan/mt against Shanghai spot cargo, with mainstream quotes in the Ningbo area mainly against the 2608 contract. In the first session, Yongchang and Anning quoted a discount of 20 yuan/mt against the 2608 contract. In the second session, traders’ quotes were flat compared to the previous session. Recently, a typhoon is about to make landfall in Zhejiang, and some downstream players actively picked up goods to their plants, but most were previously locked-price cargoes. Traders’ quotes remained scarce in the market. Today, spot premiums edged up slightly. Raw material inventories at other plants were basically sufficient, and spot purchases today were still on a need-to basis.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

2026 Low-Grade Zinc Oxide Market Half-Year Review [SMM Analysis]

In H1 2026, the low-grade zinc oxide market was characterized by tight supply, rising costs, demand under pressure, and prices fluctuating at highs. After the Chinese New Year, enterprises gradually resumed operations, but constrained by tight supply of raw materials such as steel dust and electric furnace dust, as well as persistent invoice issues, the industry's operating rate and production release were limited.

Common.Time.minsAgo

2026 Galvanizing Industry H1 Review [SMM Analysis]

In H1 2026, the galvanizing industry generally showed characteristics of "slow recovery in Q1 and underperformance in the peak season in Q2," with the overall operating rate weaker than the same period last year.

Common.Time.minsAgo

2026 Galvanizing H1 Review: Weak Peak Season Performance, H2 Demand Expected to Improve Marginally [SMM Analysis]

[2026 Galvanizing Half-Year Review: Weak Peak-Season Performance, H2 Demand Expected to See Marginal Improvement] In H1 2026, the galvanizing industry as a whole exhibited a pattern of “slow recovery in Q1 and Q2 peak-season underperformance,” with the overall operating rate weaker than the same period last year.

Common.Time.minsAgo