Zinc Futures Prices Rose Significantly, Overall Spot Cargo Transactions Were Poor During the Week [SMM Ningbo Spot Weekly Review]

Published: May 15, 2026 14:15

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[Futures Zinc Prices Rose Significantly, Overall Spot Transactions Were Poor During the Week]: Spot premiums in Ningbo fluctuated this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2606 contract were quoted at a premium of 40 yuan/mt, with a premium of 60 yuan/mt against the Shanghai premium..

SMM May 15 News:

Ningbo spot premiums fluctuated this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the SHFE zinc 2606 contract were at a premium of 40 yuan/mt, with a premium of 60 yuan/mt over Shanghai. Cargo availability in the Ningbo market was limited this week, with traders offering relatively few quotes. However, SHFE zinc prices rose significantly during the week, and downstream enterprises showed fear of high prices, with poor inquiry and purchase willingness. Overall market transactions were weak. Towards the end of the week, zinc prices declined, and some downstream enterprises purchased to restock. Overall spot premiums slipped from highs during the week, and spot premiums are expected to continue fluctuating 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.

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