Low market supply, with premiums remaining high [[SMM Ningbo Weekly Spot Review]]

Published: Apr 30, 2025 15:21

Save

[Low Market Supply, High Spot Premiums Persist]: This week, spot premiums in Ningbo remained high and stable, with the weekly average price increasing by 5 yuan/mt WoW. As of Wednesday this week, spot prices against the 2505 contract in Ningbo were quoted at a premium of 180 yuan/mt, and against the SHFE, at a premium of 20 yuan/mt...

SMM, April 30:

This week, spot premiums in Ningbo remained high and stable, rising by 5 yuan/mt WoW from the weekly average price. As of Wednesday this week, spot prices against the 2505 contract in Ningbo were quoted at a premium of 180 yuan/mt, and against the SHFE, at a premium of 20 yuan/mt. In the final week before the Labour Day holiday, the futures market continued to fluctuate. As downstream raw material stocking was completed, spot cargo transactions gradually weakened during the week. However, due to limited arrivals in the Ningbo market, traders mostly stood firm on their quotes, keeping premiums high during the week. It is expected that spot premiums will rise next week amid contract rollover.

》Subscribe to view historical SMM metal spot prices

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 to learn 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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14