Traders Raised Spot Offer Prices, While Downstream Buyers Purchased on Demand [SMM Ningbo Spot Weekly Review]

Published: Mar 27, 2026 15:19

Save

[Traders Raised Spot Quotes, and Downstream Buyers Made Purchases Based on Demand]: Ningbo spot premiums continued to rise this week, with the weekly average price up 50 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2604 contract were quoted at parity, with a premium of 60 yuan/mt against Shanghai, and the premium against Shanghai widened during the week..

SMM News, March 27:

This week, spot premiums in Ningbo continued to rise, up 50 yuan/mt from the previous week's average price. As of this Friday, spot prices in Ningbo against the 2604 contract were quoted at parity, with a premium of 60 yuan/mt against Shanghai, and the premium against Shanghai widened during the week. As zinc ingot supply in the Ningbo market was gradually digested, zinc ingot inventory in Ningbo continued to decline this week. Traders actively offered shipments and quotations during the week, driving spot premiums higher, while downstream enterprises mostly made purchases based on orders, resulting in average spot transaction performance. Spot premiums are expected to fluctuate next week.

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.

For any inquiries or to learn 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

1 hour ago

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

1 hour ago

Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Remain Stable, End-Use Demand Shows Divergence] In terms of orders, overall demand for rubber-grade zinc oxide remained stable, but some enterprises were relatively cautious about expectations for subsequent demand from tyre factories; orders for major ceramic-grade zinc oxide producers were relatively stable, but affected by the overall weakness in the real estate market, overall demand in the sector was average......

1 hour ago

Data: SHFE, DCE market movement (Mar 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

1 hour ago