Ningbo Zinc: Downstream buyers are mostly on the sidelines, and overall spot trades are sluggish [SMM Midday Review]

Published: Jul 27, 2026 11:46

Save

[Ningbo Zinc: Downstream Largely on the Sidelines, Overall Spot Trades Sluggish] Transaction prices of mainstream brand 0# zinc in Ningbo were around 24,760-24,860 yuan/mt. Regular brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2608 contract and at a premium of 15 yuan/mt against Shanghai spot cargoes. Quotations in Ningbo were mainly against the 2608 contract...

SMM, July 27:

In Ningbo, mainstream brand 0# zinc traded at 24,760-24,860 yuan/mt. Regular brands in Ningbo were offered at a premium of 20 yuan/mt against the 2608 contract and a premium of 15 yuan/mt against Shanghai spot cargo. The Ningbo market mainly quoted against the 2608 contract. In the first session, Yongchang, Qilin, and Anning were offered at a premium of 20 yuan/mt against the 2608 contract, while Honglu-V (99.998) was offered at a premium of 110 yuan/mt against the 2608 contract. In the second session, trader quotes were unchanged from the previous session. Downstream enterprises in Ningbo saw weak orders amid the off-season and held certain raw material inventories. Coupled with the SHFE zinc futures price rising from the previous day in the morning, downstream enterprises mostly stayed on the sidelines today, and traders were casual in their offers for shipments. Overall, spot transactions were mediocre.

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.

Images in this article contain AI-translated captions for reference only.

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

Tianjin Zinc: Futures High, Downstream Fearful of High Prices and Cautious in Purchasing [SMM Midday Comment]

[Tianjin Zinc: Futures Surge, Downstream Cautious on High Prices] In Tianjin market, #0 zinc ingot mainly traded around 24,620-24,790 yuan/mt, Zijin traded around 24,760-24,870 yuan/mt, #1 zinc ingot traded near 24,620-24,730 yuan/mt. Zijin was quoted at a premium of 20-30 yuan/mt against the 2608 contract, and Huxin was quoted at 26,085 yuan/mt. #0 zinc ingot was quoted at a discount of 50-120 yuan/mt against the 2608 contract, while Tianjin market was quoted at a discount of 95 yuan/mt against Shanghai.

1 hour ago

Shanghai Zinc: Trader Offers Firm, Premiums Steady MoM[SMM Midday]

[Shanghai Zinc: Trader Offers Firm, Premiums Stable MoM] Today, mainstream transaction prices of #0 zinc were concentrated in the range of 24,760-24,870 yuan/mt, Shuangyan mainstream transactions at 24,900-25,000 yuan/mt, and #1 zinc mainstream transactions at 24,690-24,800 yuan/mt. In early trading, the market quoted premiums of 10-30 yuan/mt against SMM average price for cargoes with invoices dated next month, with no quotes against the futures prices yet...

1 hour ago

SMM: Zinc Ingot Inventory Unchanged from July 20, Down Slightly from July 23

【SMM Flash】According to SMM’s communication, as of this Monday (July 27), the total zinc ingot inventory across seven regions tracked by SMM was 269,000 mt, unchanged from July 20 but down 1,400 mt from July 23, resulting in a domestic inventory decline.

1 hour ago