Ningbo Zinc: Futures Zinc Price Rises Again, Traders Quote in a Buddha-Like Manner [SMM Midday Review]

Published: Aug 5, 2026 15:41

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[Ningbo Zinc: Zinc Futures Prices Rise Again, Traders Quote Casually] The transaction price of mainstream 0# zinc in the Ningbo market was around 25,135-25,320 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 against the 2609 contract..

SMM August 5 News:

Ningbo market mainstream brand #0 zinc was traded at around 25,135–25,320 yuan/mt. Conventional brands in Ningbo quoted a premium of 20 yuan/mt against the 2609 contract, and a premium of 30 yuan/mt against Shanghai spot cargo. Ningbo mainly quoted against the 2609 contract. In the first session, Yongchang and Qilin quoted a premium of 20 yuan/mt against the 2609 contract, Anning quoted a premium of 20–40 yuan/mt against the 2609 contract, and Honglu-v (99.998) quoted a premium of 100 yuan/mt against the 2609 contract. In the second session, traders’ quotes were flat from the previous session. In the morning, SHFE zinc futures rebounded MoM, downstream enterprises showed strong fear of high prices, and overall purchase willingness was low, resulting in poor spot transaction performance. Market traders sold shipments in a take-it-or-leave-it manner, and spot premiums changed little.

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