Ningbo Zinc: Market Traders Raise Offers, Ningbo Premiums Rise MoM [SMM Midday Comment]

Published: Aug 4, 2026 14:09

Save

[Zinc in Ningbo: Traders Raise Quotes, Ningbo Premium Rises MoM] The transaction price of mainstream 0# zinc in Ningbo was around 24,920-25,015 yuan/mt. Ningbo conventional brands quoted a premium of 20 yuan/mt against the 2609 contract, and a premium of 30 yuan/mt against Shanghai spot zinc. In Ningbo, mainstream quotes were mainly against the 2609 contract..

SMM, August 4:

The transaction price of mainstream 0# zinc brands in the Ningbo market was around 24,920–25,015 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2609 contract and at a premium of 30 yuan/mt against spot cargoes in Shanghai. Quotes in Ningbo were primarily based on the 2609 contract. In the first session, Qilin was quoted at a premium of 20 yuan/mt against the 2609 contract, Anning at a premium of 20–40 yuan/mt against the 2609 contract, and Honglu-v (99.998) at a premium of 70 yuan/mt against the 2609 contract. In the second session, traders' quotes were flat from the previous session. SHFE zinc futures prices stayed high this morning. Today, downstream enterprises remained cautious and on the sidelines due to fear of high prices. Overall spot transactions were rather sluggish, but traders continued to hold prices firm, and spot premiums in the Ningbo market edged up.

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: Market Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM [SMM Midday Review]

[Shanghai Zinc: Traders Continued to Hold Prices Firm, Spot Premiums Rose MoM] Today, mainstream transaction prices for #0 zinc were concentrated at 24,910-25,045 yuan/mt, Shuangyan had no transactions, while mainstream transaction prices for #1 zinc stood at 24,840-24,975 yuan/mt. In morning trading, offers against the SMM average price were at premiums of 40-60 yuan/mt, with no offers reported against the futures contract...

1 hour ago

3 hours ago

Guangdong Zinc: Trader offers were relatively firm, spot premiums edged up [SMM Midday Comment]

[Guangdong: Trader Offers Remain Firm, Spot Premiums Edge Up] Guangdong mainstream 0# zinc traded at 25,010-25,050 yuan/mt, mainstream brands quoted at a discount of 120-60 yuan/mt against the 2609 contract, and a discount of 70 yuan/mt against spot Shanghai, with the Shanghai-Guangdong price spread remaining...

3 hours ago

Tianjin Zinc: Futures Remain at High Levels, Market Trading Is Not Active [SMM Midday Review]

[Tianjin Zinc: Futures Stay High, Trading Inactive] In the Tianjin market, #0 zinc ingot mainstream transactions were at 24,760-24,950 yuan/mt, Zijin at 24,880-25,010 yuan/mt, #1 zinc ingot around 24,760-24,870 yuan/mt. Zijin was quoted at a premium of around 0-30 yuan/mt against the 2609 contract, Hulu Zinc at 26,220 yuan/mt, and #0 zinc ingot at a discount of around 30-120 yuan/mt against the 2609 contract. The Tianjin market was quoted at a discount of around 110 yuan/mt against the Shanghai market.

3 hours ago