Ningbo Zinc: Downstream Players Continue to Watch from the Sidelines Amid High Prices, Purchase Willingness Is Poor [SMM Noon Review]

Published: Aug 26, 2026 13:46

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[Ningbo Zinc: Downstream Players Continued to Wait and See Due to High Prices, Purchase Willingness Was Poor] The Mainstream Brand 0# Zinc In The Ningbo Market Was Traded At Around 26,205-26,335 Yuan/Mt. The Conventional Brands In Ningbo Quoted A Premium Of 0 Yuan/Mt Against The 2609 Contract And A Premium Of 50 Yuan/Mt Against Shanghai Spot. The Mainstream In Ningbo Quoted Against The 2609 Contract..

SMM August 26 news:

In the Ningbo market, mainstream brand 0# zinc was traded at around 26,205-26,335 yuan/mt. Ningbo regular brands quoted a premium of 0 yuan/mt against the 2609 contract, and a premium of 50 yuan/mt against spot Shanghai quotes. The Ningbo region mainstream quotes were based on the 2609 contract. In the first session, Qilin quoted a discount of 10 yuan/mt against the 2609 contract, Anning quoted a premium of -10 to 0 yuan/mt against the 2609 contract, and Honglu-v (99.998) quoted a premium of 30 yuan/mt against the 2609 contract. In the second session, traders kept their quotes unchanged from the previous session. Long-term contract zinc ingots arrived one after another, and the market had ample supply of zinc ingots. However, SHFE zinc futures prices continued to rise in the morning, and downstream enterprises, fearing high prices, continued to wait and see today. Their purchase willingness was poor in inquiries, and spot trades were sluggish.

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