Ningbo Zinc: Futures prices rose significantly, downstream players remained on the sidelines [SMM Midday Comment]

Published: Aug 7, 2026 11:47

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[Ningbo Zinc: Futures Prices Rise Notably, Downstream Remains on the Sidelines] Mainstream 0# zinc transactions in the Ningbo market were around 25,865-26,030 yuan/mt. Conventional Ningbo brands were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 40 yuan/mt against spot Shanghai cargoes. The mainstream offers in the Ningbo area were primarily against the 2609 contract..

SMM News on August 7:

The transaction price for mainstream brand 0# zinc in the Ningbo market was around 25,865-26,030 yuan/mt. Ningbo conventional brands quoted a premium of 10 yuan/mt against the 2609 contract, and a premium of 40 yuan/mt against spot Shanghai prices. Ningbo area primarily quoted against the 2609 contract. In the first session, Yongchang and Qilin quoted premiums of 10-20 yuan/mt against the 2609 contract, Anning quoted a premium of 20 yuan/mt against the 2609 contract, and Honglu-v (99.998) quoted a premium of 80 yuan/mt against the 2609 contract. In the second session, traders' quotations were flat from the previous session. In the morning, SHFE zinc futures prices rose significantly. Downstream enterprises largely waited on the sidelines for future trends. Today, there was almost no inquiry or purchasing. Traders quoted and sold in a relaxed manner, and overall market trading was sluggish.

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