Ningbo Zinc: Traders Raised Spot Zinc Offers, Spot Zinc Transactions Showed Mediocre Performance [SMM Midday Review]

Published: Jul 29, 2026 11:22

Save

[Ningbo Zinc: Traders Raise Spot Offers, Spot Transactions Mediocre] In the Ningbo market, transaction prices of mainstream brand 0# zinc were around 24,695-24,770 yuan/mt. Offers for conventional brands in Ningbo were at parity against the 2609 contract and at a premium of 30 yuan/mt against spot offers in Shanghai. Mainstream offers in Ningbo are quoted against the 2609 contract...

SMM July 29 News:

Transaction prices for mainstream brand 0# zinc in the Ningbo market were around 24,695-24,770 yuan/mt. Conventional brands in Ningbo offered at parity against the 2609 contract, with a premium of 30 yuan/mt against Shanghai spot prices. Mainstream in Ningbo mainly quoted against the 2609 contract. In the first session, Yongchang offered at a premium of 0-10 yuan/mt against the 2609 contract, Qilin offered at a premium of 10 yuan/mt against the 2609 contract, Anning offered at a discount of 10 yuan/mt to a premium of 10 yuan/mt against the 2609 contract, and Honglu-v (99.998) offered at a premium of 110 yuan/mt against the 2608 contract; in the second session, traders' offers were unchanged from the previous session. Today, most traders in Ningbo held prices firm, with spot premiums rising MoM, but downstream enterprises in Ningbo saw no improvement in orders, with inquiries and purchases largely need-based. Overall, transaction performance was mediocre today.

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: Weak Demand, Downstream Dominated by Long-Term Contracts [SMM Midday Review]

[Tianjin Zinc: Weak Demand, Downstream Long-term Contracts Dominate] In the Tianjin market, the mainstream traded price of #0 zinc ingot was 24,550-24,700 yuan/mt, Zijin traded at 24,680-24,780 yuan/mt, #1 zinc ingot traded at around 24,540-24,640 yuan/mt. Zijin was quoted at a premium of 20-30 yuan/mt against the 2608 contract, Huxin was quoted at 25,970 yuan/mt, #0 zinc ingot was quoted at a discount of 50-120 yuan/mt against the 2608 contract, and the Tianjin market was at a discount of 90 yuan/mt against the Shanghai market.

1 hour ago

Shanghai Zinc: Some Suppliers Held Prices Firm, Spot Zinc Quotes Were Raised [SMM Midday Review]

[Shanghai Zinc: Some Suppliers Hold Prices Firm, Spot Prices Raised] Today, #0 zinc mainstream transaction prices were mainly concentrated at 24,685-24,790 yuan/mt, with Shuangyan at 24,815-24,910 yuan/mt and #1 zinc at 24,615-24,720 yuan/mt. In the morning session, the market offered a premium of 30 yuan/mt against the SMM average price for cargoes with invoices dated next month, with no quotes against the futures contract yet...

1 hour ago

3 hours ago

Queensland Silver-Lead Mine Completes AutoNav Deployment on Final R2900G Loaders

A Queensland silver-lead underground mine has added the final Caterpillar R2900G units ever sold to its remote-operated fleet, completing the last installation of Epiroc-owned RCT’s AutoNav system on this loader model. The operation combines underground hard-rock mining with a surface processing facility and operates its LHD fleet from multiple AutoNav control centres above and below ground. The mine has used RCT remote-operation technology since the late 1990s and upgraded to RCT’s digital communications system in 2025. The deployment is an equipment-automation and safety-efficiency upgrade; no mine name, lead-silver production, plant throughput or concentrate-supply impact was disclosed.

3 hours ago