This Week Zinc Futures Rebounded from Lows, Downstream Enterprises Watched Cautiously Amid High Prices [SMM Ningbo Spot Weekly Review]

Published: Jun 18, 2026 15:46

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[This Week Zinc Futures Prices Rebound from Lows; Downstream Enterprises Wary of Highs and Stand on Sidelines]: This week, Ningbo spot premiums declined, but the overall average price rose by 5 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2607 contract were quoted at a discount of 20 yuan/mt, with a premium of 30 yuan/mt against Shanghai. During the week, the premium against Shanghai maintained a fluctuating trend..

SMM, June 18:

This week, spot premiums in Ningbo declined, but the overall average price rose WoW by 5 yuan/mt. As of Friday this week, Ningbo spot prices against the 2607 contract were quoted at a discount of 20 yuan/mt, with a premium of 30 yuan/mt against the Shanghai premium, and the latter maintained a fluctuating trend during the week. This week, futures zinc prices rebounded significantly WoW, reigniting the fear of high prices among downstream enterprises. Additionally, with active low-price purchasing last week, their inquiry and purchase willingness was poor this week. Spot transactions were primarily for essential needs, and overall trader activity was sluggish. Spot premiums edged lower, and are expected to remain in the doldrums next week.

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