Downstream Enterprises Actively Fixed Prices for Purchases, and Spot Transactions Improved Significantly During the Week [SMM Ningbo Spot Weekly Review]

Published: Mar 20, 2026 15:21

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[Downstream Enterprises Actively Priced and Purchased, with Spot Transactions Improving Significantly During the Week]: This week, Ningbo spot premiums continued to rise, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2604 contract were at a discount of 30 yuan/mt, with a premium of 50 yuan/mt against Shanghai, and the premium against Shanghai widened during the week..

SMM News, March 20:

This week, spot premiums in Ningbo kept rising, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2604 contract were at a discount of 30 yuan/mt, with a premium of 50 yuan/mt against Shanghai, and the premium against Shanghai widened during the week. Spot transactions in the Ningbo market were relatively good this week, mainly because zinc prices pulled back significantly during the week, prompting downstream enterprises to actively make priced purchases. Although futures rebounded slightly toward the end of the week, trader quotations remained firm, and overall spot premiums were raised notably during the week. Spot premiums were expected to remain stable next week.

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