Ningbo Zinc: Downstream Has Strong Fear of High Prices, Traders Are Laid-Back About Selling [SMM Noon Review]

Published: Aug 24, 2026 11:32

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[Ningbo Zinc: Strong Fear of High Prices Among Downstream Users; Traders Are Laid-Back in Selling] In the Ningbo market, transaction prices for mainstream brands of 0# zinc are around 25,835–25,925 yuan/mt. Ningbo regular brands quote a premium of 0 yuan/mt against the 2609 contract, and a premium of 50 yuan/mt against Shanghai spot. The mainstream in the Ningbo area quotes against the 2609 contract..

On August 24, SMM reported:

In the Ningbo market, mainstream brand 0# zinc was traded at 25,835~25,925 yuan/mt. The premium for regular Ningbo brand against the 2609 contract stood at 0 yuan/mt, and the premium against Shanghai spot was 50 yuan/mt. The mainstream in the Ningbo region quoted against the 2609 contract. During the first time segment, Yongchang and Qilin quoted premiums of 0~10 yuan/mt against the 2609 contract, Anning quoted a premium of -10~20 yuan/mt, and Honglu-v (99.998) quoted a premium of 30 yuan/mt against the 2609 contract. During the second time segment, traders kept their quotes steady from the previous segment. Over the weekend, long-term contract zinc ingot arrived gradually, and overall market inventory remained ample. In the morning, zinc prices in the futures market fluctuated at highs, prompting downstream enterprises to stay on the sidelines due to high prices. Traders adopted a laid-back approach in selling and quoting, and spot premiums changed relatively little, with overall trading activity being sluggish.

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