Ningbo Zinc: Downstream Enterprises Continue to Wait and See, Overall Transactions Remain Sluggish [SMM Midday Commentary]

Published: Aug 14, 2026 13:05

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[Ningbo Zinc: Downstream Enterprises Stayed on the Sidelines, Overall Transactions Remained Sluggish] In the Ningbo market, mainstream-brand #0 zinc traded at around 25,580-25,730 yuan/mt. Ningbo conventional brands were quoted at premiums of 10 yuan/mt against the 2609 contract and 50 yuan/mt against the Shanghai spot price. In Ningbo, mainstream offers were quoted against the 2609 contract...

SMM August 14:

In Ningbo, mainstream-brand 0# zinc traded at around 25,580-25,730 yuan/mt. Ningbo conventional brands 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. Mainstream quotes in Ningbo were mainly quoted against the 2609 contract. In the first session, Yongchang and Anning were quoted at premiums of 10-20 yuan/mt against the 2609 contract; Qilin was quoted at a premium of 10 yuan/mt against the 2609 contract; Honglu-V (99.998) was quoted at a premium of 40 yuan/mt against the 2609 contract. In the second session, trader quotes were unchanged from the previous session. There were relatively many traders selling in the Ningbo market, and spot premium quotes were little changed MoM, but SHFE zinc futures stayed high. Downstream enterprises continued to wait on the sidelines, and overall spot transactions remained sluggish today.

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