Ningbo zinc: Downstream enterprises are deterred by high prices and remain on the sidelines, resulting in weak spot zinc trading [SMM Midday Review]

Published: Aug 6, 2026 13:31

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[Ningbo Zinc: Downstream Enterprises Cautious on High Prices, Spot Transactions Weak] Ningbo market mainstream brand #0 zinc transaction price was around 25,610-25,705 yuan/mt, while Ningbo conventional brands quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against Shanghai spot zinc, with Ningbo mainstream brands mainly quoting against the 2609 contract..

SMM, August 6:

The transaction price for mainstream brand #0 zinc in the Ningbo market was 25,610–25,705 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against Shanghai spot cargo. The Ningbo region mainly quoted against the 2609 contract. In the first session, Yongchang and Qilin were quoted at a premium of 10–20 yuan/mt against the 2609 contract, Anning was quoted at a premium of 0–30 yuan/mt against the 2609 contract, and Honglu-V (99.998) was quoted at a premium of 80 yuan/mt against the 2609 contract. In the second session, traders' quotes remained unchanged from the previous session. SHFE zinc futures prices rose significantly in the morning. Downstream enterprises stayed on the sidelines today, with low willingness to purchase and procure. Traders made quotes without actively pushing for shipments. Overall market trading was sluggish.

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