Weak Spot Consumption During the Week, Widening Spot Discounts [SMM Ningbo Spot Weekly Review]

Published: Mar 13, 2026 16:09

Save

[Weak Spot Demand During the Week, Wider Spot Discounts]: This week, spot discounts in Ningbo widened, with the weekly average price down 20 yuan/mt WoW. As of Friday this week, spot prices in Ningbo against the 2604 contract were at a discount of 100 yuan/mt and at a premium of 20 yuan/mt against Shanghai, with the premium against Shanghai fluctuating during the week..

SMM News, March 13:

This week, spot discounts in Ningbo widened, with the weekly average price down 20 yuan/mt WoW. As of this Friday, spot prices in Ningbo were at a discount of 100 yuan/mt against the 2604 contract and at a premium of 20 yuan/mt against Shanghai spot prices, with the premium against Shanghai fluctuating during the week. Zinc ingot supply in Ningbo was ample, and there were many traders making shipments in the market, while downstream alloy plants had average orders and showed low purchase willingness for zinc ingot. Spot transactions were sluggish during the week, and spot premiums for zinc ingot were repeatedly lowered. Spot discounts are expected to see limited improvement 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

46 mins ago

Secondary Zinc Oxide Payables Remained Relatively Firm, How Will They Perform in March [SMM Analysis]

Secondary Zinc Oxide Production Fell in February, While Secondary Zinc Oxide Payables Remained Relatively Firm. What Trend Will Secondary Zinc Oxide Show in March?

46 mins ago

1 hour ago

Oversupply in China Drives SHFE Zinc Lower [SMM Daily Zinc Commentary]

[China Oversupply Weighed on SHFE Zinc]: The most-traded SHFE zinc 2604 contract opened at 24,250 yuan/mt. In early trading, bears added to open interest, and SHFE zinc fluctuated downward all the way, falling to a low below 24,140 yuan/mt. Its center then slightly rebounded, and it finally closed down at 24,140 yuan/mt, down 160 yuan/mt, or 0.66. Trading volume increased to 85,941 lots, while open interest rose by 2,465 lots to 75,191 lots.

1 hour ago

Macro Disturbances Coupled With Rising Inventory in China Weighed on Prices, and the Centers of Both SHFE and LME Moved Lower This Week [SMM Market Review - Weekly Price Review]

[Macro Disturbances Coupled With Rising China Inventory Weighed on the Centers of Both SHFE and LME This Week] At the beginning of the week, Trump stated that the conflict in Iran was basically over, and the US dollar index fell sharply, pushing the center of LME zinc higher; subsequently, market uncertainty intensified, some funds exited, and LME zinc came under pressure......

1 hour ago