Ningbo Zinc: Trader Quotations Basically Stable, Downstream Enterprises Continue to Wait and See [SMM Midday Review]

Published: Jul 15, 2026 13:58

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[Ningbo Zinc: Trader quotations basically held stable, downstream enterprises continued to wait and see] In the Ningbo market, mainstream-brand 0# zinc traded at around 24,810-24,860 yuan/mt. Regular brands in Ningbo were quoted at a discount of 10 yuan/mt against the 2608 contract and a premium of 30 yuan/mt against spot cargo in Shanghai, while the mainstream in the Ningbo area quoted against the 2608 contract.

SMM July 15 News:

The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,810-24,860 yuan/mt. Regular brands in Ningbo quoted a discount of 10 yuan/mt against the 2608 contract, and a premium of 30 yuan/mt against Shanghai spot zinc, with mainstream sources in the Ningbo area quoting against the 2608 contract. In the first session, Anning quoted a discount of 30-0 yuan/mt against the 2608 contract, and Honglu-v (99.998) quoted a premium of 10 yuan/mt against the 2608 contract. In the second session, trader offers remained flat from the previous session. Trader offers in the Ningbo market were basically stable from yesterday, but SHFE zinc prices rose compared to yesterday. Downstream enterprises continued to watch, and purchase willingness was weak on the day. The overall spot atmosphere was sluggish.

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