SHFE Zinc Futures Fell During the Week, Spot Premiums Rose WoW [SMM Ningbo Spot Weekly Review]

Published: Jul 17, 2026 15:38

Save

[Zinc futures price fell during the week, spot premiums up WoW]: Ningbo spot premiums climbed this week, with the overall average price rising 25 yuan/mt WoW. As of Friday, Ningbo spot premiums against the SHFE zinc 2608 contract were quoted at a premium of 10 yuan/mt, and the premium against Shanghai stood at 20 yuan/mt. During the week, the premium against Shanghai consolidated.

SMM July 17 News:

This week, Ningbo spot premiums moved higher, with the overall average price up 25 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2608 contract were quoted at a premium of 10 yuan/mt, with a premium of 20 yuan/mt against Shanghai. During the week, the premium against Shanghai maintained a fluctuating trend. The Ningbo zinc ingot market remained well supplied this week. In the first half of the week, the futures zinc price consolidated at highs, and downstream enterprises, wary of high prices, stayed on the sidelines, resulting in sluggish overall trading. In the second half of the week, the futures zinc price declined WoW, and some traders took the opportunity to raise spot quotes, leading to higher overall premiums. However, with poor orders at downstream alloy plants, overall spot transactions remained sluggish for the week. Ningbo premiums are expected to stay high 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 for 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

Data: SHFE, DCE market movement (Jul 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Jul , 2026

1 hour ago

Smelters Mainly Purchase Domestic Ore, TCs in Many Regions Continue to Decline [SMM Zinc Concentrates Weekly Review]

[Smelters Focus on Domestic Ore Procurement; TCs Continue to Decline in Many Regions]: On a weekly basis, the average SMM Zn50 domestic weekly TC fell 150 yuan/mt Zn WoW to -750 yuan/mt Zn, and the SMM imported zinc concentrate index dropped $6.85/dmt WoW to -$90.15/dmt....

1 hour ago

Traders continued to hold prices firm and sell, Shanghai spot premiums rose significantly [SMM Shanghai Spot Weekly Review]

[Traders Continue to Hold Prices Firm and Sell, Shanghai Spot Premiums Rise Significantly]: This week, Shanghai spot premiums rose significantly, up 30 yuan/mt WoW. As of this Friday, ordinary domestic brands were quoted at a premium of 40 yuan/mt against the 2608 contract, while the high-priced brand Shuangyan was quoted at a premium of 130-150 yuan/mt against the 2608 contract..

1 hour ago