Ningbo Zinc: Spot Trading Volume Improved MoM, Trader Premium Raised MoM [SMM Midday Review]

Published: Aug 19, 2026 11:48

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[Ningbo Zinc: Spot Trading Improves MoM, Trader Premiums Raised MoM] Mainstream brand 0# zinc transaction prices in the Ningbo market were around 25,240~25,410 yuan/mt, with Ningbo conventional brands quoted at a premium of 10 yuan/mt against the 2609 contract and 50 yuan/mt against Shanghai spot zinc, and the Ningbo market mainly quoted against the 2609 contract..

SMM Aug 19:

In Ningbo, mainstream brands of 0# zinc traded at around 25,240-25,410 yuan/mt. Conventional brands in Ningbo were offered at a premium of 10 yuan/mt against the 2609 contract and 50 yuan/mt against Shanghai spot cargoes, with mainstream trading in Ningbo quoted against the 2609 contract. In the first session, Yongchang, Anning, and Qilin were offered at premiums of 10-20 yuan/mt against the 2609 contract, while Honglu-V (99.998) was offered at a premium of 40 yuan/mt against the 2609 contract. In the second session, trader offers remained flat compared to the previous session. During the morning, SHFE zinc futures prices dipped MoM to below 25,000 yuan/mt. Downstream enterprises took the opportunity to purchase at lower prices, and overall spot transactions improved MoM. Traders in the market actively shipped goods, and market premiums were subsequently raised.

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