Downstream Enterprises Purchased at Low Prices Mid-Week, Spot Premiums Rose WoW [SMM Ningbo Spot Weekly Review]

Published: Jun 12, 2026 15:28

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[Downstream enterprises locked in prices on dips mid-week; spot premiums rose WoW]: This week, spot premiums in Ningbo rose, up 25 yuan/mt WoW from the previous week's average. As of this Friday, spot prices in Ningbo against the 2607 contract were quoted at parity, with a premium of 40 yuan/mt against Shanghai, and during the week, the premium against Shanghai maintained a fluctuating trend..

SMM June 12:

Spot premiums in Ningbo rose this week, up 25 yuan/mt WoW. As of this Friday, spot prices in Ningbo against the 2607 contract were quoted at parity, with a premium of 40 yuan/mt against SHFE; the premium against SHFE maintained a fluctuating trend during the week. Zinc ingot supply in the Ningbo market was ample during the week, with traders actively selling and quoting. Futures zinc prices fell sharply, prompting downstream enterprises to actively purchase at low points. Overall spot transactions improved noticeably, and spot premiums rose accordingly. Given the off-season consumption showing no improvement, next week's premiums are expected to be hard to rise significantly.

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.

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