Ningbo Zinc: Traders Offer Shipments in a Laid-Back Manner, Spot Transactions Show No Improvement [SMM Midday Comment]

Published: Jul 28, 2026 13:23

Save

[Ningbo Zinc: Traders Sell with Laid-Back Attitude, Spot Transactions Show No Improvement] The mainstream #0 zinc transaction price in the Ningbo market was around 24,720–24,820 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 15 yuan/mt against the 2609 contract and at a premium of 20 yuan/mt against spot cargo in Shanghai. Ningbo has started quoting against the 2609 contract...

SMM July 28 News:

In the Ningbo market, transaction prices of mainstream brand #0 zinc ingot were around 24,720–24,820 yuan/mt. Ningbo conventional brands were quoted at a discount of 15 yuan/mt against the 2609 contract, and a premium of 20 yuan/mt against Shanghai spot quotations. The Ningbo region began quoting against the 2609 contract. In the first session, Yongchang and Anning were quoted at a discount of 20 yuan/mt against the 2609 contract, Qilin at a discount of 20–0 yuan/mt against the 2609 contract, and Honglu-v (99.998) at a premium of 110 yuan/mt against the 2608 contract. In the second session, traders' quotations were unchanged from the previous session. In the morning, SHFE zinc futures consolidated at highs. Downstream orders in Ningbo were poor. Overall, inquiries and purchases were limited today. Spot zinc ingot transactions saw no improvement. Traders were indifferent in selling and quoting, and spot premiums remained basically stable.

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

Shanghai Zinc: SHFE Zinc Futures Consolidate, Spot Premiums Steady MoM [SMM Midday Commentary]

[Shanghai Zinc: SHFE Zinc Futures Consolidate, Spot Premiums Stable MoM] Today, mainstream transaction prices for #0 zinc were concentrated at 24,700-24,735 yuan/mt, Shuangyan mainstream transactions were at 24,850-24,975 yuan/mt, and #1 zinc mainstream transactions were at 24,630-24,665 yuan/mt. In early trading, offers for cargoes with invoices dated next month against the SMM average price were at premiums of 10-30 yuan/mt, with no quotes against futures yet...

1 hour ago

2 hours ago

Guangdong Zinc: Prices Consolidate at Highs, Downstream Just-in-Time Procurement [SMM Midday Review]

[Guangdong: Prices Consolidate at Highs, Downstream Just-in-Time Procurement]Guangdong 0# zinc traded mainly at 24,650~24,720 yuan/mt, major brand quotations against the 2609 contract were -120~-70 yuan/mt, at a discount of 55 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread was flat...

2 hours ago

Tianjin Zinc: Weak Operating Rates in North China, Poor Zinc Ingot Demand [SMM Midday Review]

[Tianjin Zinc: Weak Operating Rates in the North, Poor Zinc Ingot Demand] In the Tianjin market, #0 zinc ingot mainstream transactions were at 24,620-24,790 yuan/mt, Zijin traded at 24,760-24,870 yuan/mt, #1 zinc ingot traded at around 24,620-24,730 yuan/mt. Zijin was quoted at a premium of 20-30 yuan/mt against the 2608 contract, Huzinc was quoted at 26,015 yuan/mt, #0 zinc ingot was quoted at a discount of 60-120 yuan/mt against the 2608 contract, and Tianjin was quoted at a discount of around 95 yuan/mt against Shanghai.

2 hours ago