Downstream Enterprises Fix Prices at Lows, Premiums Rose Then Fell [SMM Ningbo Spot Weekly Review]

Published: Aug 21, 2026 15:41

Save

[Downstream Enterprises Buy on Dips, Spot Premiums Rise Then Fall]：This week, spot premiums in Ningbo rose first and then fell, with the overall average down 5 yuan/mt WoW. As of Friday, spot prices against the 2609 contract in Ningbo were quoted at a premium of 0 yuan/mt, and the premium against Shanghai was 35 yuan/mt.

SMM August 21 news:

This week, Ningbo spot premiums first rose and then fell, with the overall average premium down 5 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2609 contract were quoted at a premium of 0 yuan/mt, and a premium of 35 yuan/mt against Shanghai. During the week, SHFE zinc futures prices pulled back significantly, leading downstream enterprises to actively lock in prices at lows, and market spot premiums rose accordingly. However, at the end of the week, futures prices rebounded markedly to above 25,500 yuan/mt, causing downstream enterprises' fear of high prices to heat up and their enthusiasm for price inquiries to decline notably. Market traders lowered quotes to sell, and overall spot premiums for the week first rose and then fell. With no significant improvement in consumption, spot premiums are expected to see little improvement next week.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

Enterprises Gradually Resumed Normal Production, with a Notable Increase in Operating Rates for Die-Casting Zinc Alloy [SMM Weekly Review of Die-Casting Zinc Alloy]

[Enterprises Resumed Normal Production One After Another; Die-Casting Zinc Alloy Operating Rates Rose Significantly] End-use consumption side, enterprises generally reported that current zinc price fluctuations had a significant impact on downstream procurement pace. After zinc prices pulled back this week, end-user enterprises became more active in pricing-based procurement, market transactions improved somewhat, and alloy enterprise shipments picked up accordingly......

8 mins ago

10 mins ago

Zinc oxide operating rates rise, expected to have room for rebound next week [SMM zinc oxide weekly review]

[Zinc Oxide Operating Rate Rises; More Room for Rebound Next Week] This week, the operating rate of the zinc oxide industry continued to rebound, mainly driven by some enterprises gradually resuming production, which led to higher operating rates. On the end-use demand side, the tire and ceramic sectors, which account for a large proportion, have recently shown mediocre consumption performance......

10 mins ago

11 mins ago

Guangdong Weekly Contract Rollover, Spot Premiums Lower [SMM Guangdong Spot Weekly Review]

[Contract Rollover in Guangdong This Week, Spot Premiums Decline] This week, premiums in Guangdong decreased 20 yuan/mt WoW. As of this Friday, the mainstream 0# zinc in Guangdong had a discount of 130-85 yuan/mt against market quotes...

11 mins ago