Downstream Enterprises Purchased as Needed, and Spot Transactions Were Average [SMM Ningbo Spot Weekly Review]

Published: Apr 3, 2026 16:00

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[Downstream Enterprises Purchased as Needed, and Spot Transactions Were Average]: This week, Ningbo spot premiums continued to rise, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2605 contract were quoted at a discount of 30 yuan/mt to a discount of 20 yuan/mt, with a premium of 40 yuan/mt against Shanghai.

SMM News, April 3:

This week, Ningbo spot premiums continued to rise, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2605 contract were quoted at a discount of 30 yuan/mt to a discount of 20 yuan/mt, with a premium of 40 yuan/mt against Shanghai prices, and the premium over Shanghai narrowed somewhat during the week. With the Qingming Festival approaching this week, downstream enterprises purchased and stockpiled as needed. Overall spot trades were average, but there were not many traders making shipments in the market this week. Spot premiums rose WoW during the week, and spot premiums are expected to maintain a fluctuating trend next week.

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