Tight Zinc Ingot Supply During the Week, Spot Premiums Rise [SMM Ningbo Spot Weekly Review]

Published: May 8, 2026 16:11

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[Tight Zinc Ingot Supply Within the Week, Spot Premiums Rise]: Spot premiums in Ningbo continued to rise this week, up 55 yuan/mt WoW from the weekly average price. As of this Friday, spot prices against the 2606 contract were quoted at a premium of 50 yuan/mt, with a premium of 60 yuan/mt against Shanghai.

SMM May 8 update:

Spot premiums in Ningbo continued to rise this week, with the weekly average price up 55 yuan/mt WoW. As of this Friday, Ningbo spot prices against the SHFE 2606 contract were quoted at a premium of 50 yuan/mt, with a premium of 60 yuan/mt against Shanghai. Zinc ingot inventory in Ningbo continued to decline. Few traders made shipments during the week, and traders' spot quotations continued to rise. However, some large manufacturers had stockpiled heavily earlier and mostly stayed on the sidelines this week. Other manufacturers also made few purchase inquiries, and overall transaction performance was mediocre. With cargo volumes remaining low, spot premiums are expected to stay 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.

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