Downstream purchases on demand, premiums consolidate within the week [SMM Ningbo Spot Weekly Review]

Published: Sep 24, 2026 15:23 (GMT+8)

Save

[Downstream Purchases on Demand; Spot Premiums Consolidate During the Week]: This week, spot premiums in Ningbo consolidated, with the overall average price up 25 yuan/mt WoW. As of Thursday this week, spot prices in Ningbo against the 2610 contract were quoted at a premium of 10 yuan/mt, and at a premium of 15 yuan/mt against the Shanghai premium.

SMM, September 24:

This week, Ningbo spot premiums consolidated, with the average price up 25 yuan/mt WoW. As of Thursday this week, Ningbo spot prices against the 2610 contract were quoted at a premium of 10 yuan/mt, and at a premium of 15 yuan/mt against the Shanghai premium. With the upcoming double holiday, some downstream enterprises continued to stockpile this week, but zinc futures prices largely continued to consolidate at highs. Restocking by mills was mostly need-based, and overall spot trades during the week showed mediocre performance. Traders took a laid-back approach to selling and quoting, and spot premiums are expected to remain firm 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

19 mins ago

Smelters show little willingness to further cut TCs, awaiting post-holiday pricing results [SMM Zinc Concentrates Weekly Review]

[Smelters show little willingness to further cut TCs, awaiting post-holiday pricing results]: On a weekly basis, the SMM Zn50 domestic weekly average TC was flat MoM at -2,100 yuan/mt Zn, while the SMM imported zinc concentrate index fell $1.55/dmt MoM to -$130.4/dmt....

19 mins ago

20 mins ago

Higher freight costs drive up quotes; Shanghai spot premiums rise this week [SMM Shanghai Spot Weekly Review]

[Higher freight costs drive offers up, Shanghai premiums rise this week]: This week, average spot premiums in Shanghai rose 25 yuan/mt WoW. As of Thursday this week, mainstream domestic brands were offered at premiums of 70-80 yuan/mt against the 2610 contract, while no offers were available for the high-priced Shuangyan brand against the 2610 contract.

20 mins ago

33 mins ago

Waiting for Policies and Winter Stockpiling: The "Sub-Thousand Wave" Spreads to Central China [SMM Sulphuric Acid Weekly Review]

Waiting for Policies and Winter Stockpiling: The “Thousand-Yuan Break” Spreads to Central China [SMM Sulphuric Acid Weekly Review]

33 mins ago