Ningbo Zinc: Downstream Enterprises Continue to Be Bearish, Market Premium Stabilizes MoM [SMM Noon Comment]

Published: Aug 20, 2026 13:19

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[Ningbo Zinc: Downstream Enterprises Continue to Be Bearish, Market Premiums Stable MoM] Trading prices for mainstream brand 0# zinc in the Ningbo market were around 25,295~25,390 yuan/mt. The conventional brand in Ningbo quoted a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against the Shanghai spot. Mainstream offers in the Ningbo area were based on the 2609 contract.

SMM News on August 20:

In the Ningbo market, mainstream brand 0# zinc was traded at 25,295-25,390 yuan/mt, with the regular brand in Ningbo offering a premium of 10 yuan/mt against the 2609 contract and a premium of 40 yuan/mt against the Shanghai spot zinc. The mainstream quotes in the Ningbo area were based on the 2609 contract. In the first time period, Yongchang and Qilin offered a premium of 10 yuan/mt against the 2609 contract, while Honglu-v (99.998) offered a premium of 50 yuan/mt against the 2609 contract. In the second time period, traders' quotes remained unchanged from the previous period. In the morning, SHFE zinc futures prices maintained a fluctuating trend, and spot zinc quotes from market traders were basically stable MoM. Due to the off-season, downstream orders were poor, and some enterprises had already purchased yesterday, resulting in low enthusiasm for purchasing today. Overall spot zinc transactions were mostly on a need basis.

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