Ningbo Zinc: Downstream Enterprises Continue to Wait and See, Spot Zinc Trading Was Sluggish [SMM Midday Review]

Published: Aug 11, 2026 12:10

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[Ningbo Zinc: Downstream Enterprises Remain on the Sidelines, Spot Transactions Sluggish] In the Ningbo market, mainstream brand 0# zinc traded at 25,565–25,700 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 50 yuan/mt against Shanghai spot cargo. Ningbo region primarily quoted against the 2609 contract...

SMM News on August 11:

The transaction price of mainstream brand 0# zinc in the Ningbo market was around 25,565~25,700 yuan/mt. The regular brands in Ningbo quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 50 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo area were made against the 2609 contract. During the first session, Yongchang and Qilin quoted a premium of 10~20 yuan/mt against the 2609 contract, Anning quoted a premium of 10~30 yuan/mt, and Honglu-v (99.998) quoted a premium of 50 yuan/mt. During the second session, traders' quotes remained flat from the previous session. In the morning, SHFE zinc futures prices consolidated. Though some downstream factories resumed production after the typhoon, overall end-user orders were weak, so downstream enterprises were mostly on the sidelines today, and spot trades showed no MoM improvement.

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