Zinc Futures Prices Slump During the Week, Spot Zinc Transactions Improve Significantly [SMM Ningbo Spot Weekly Review]

Published: Jun 26, 2026 13:32

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[Zinc futures prices dropped consecutively during the week, spot transactions improved significantly]: Last week, spot premiums in Ningbo initially fell and then rose, with the overall average basically flat WoW. As of last Friday, Ningbo spot prices against the 2607 contract were quoted at a premium of 10 yuan/mt, and at a premium of 25 yuan/mt against SHFE. The premium against SHFE maintained a fluctuating trend during the week.

SMM June 26 news:

This week, Ningbo spot zinc premiums fell first and then rose, with the overall average price basically flat WoW. As of this Friday, Ningbo spot zinc against the SHFE 2607 contract was quoted at a premium of 10 yuan/mt, and against the Shanghai premium at a premium of 25 yuan/mt. The Shanghai premium maintained a fluctuating trend during the week. At the start of the week, zinc futures prices fluctuated at highs. Downstream users were cautious and on the sidelines due to high prices, and traders had difficulty selling, so zinc ingot premiums dipped slightly. Subsequently, however, zinc futures prices declined continuously, breaking below several levels to below 24,000 yuan/mt. Downstream enterprises actively purchased on dips, significantly improving spot trades in the market. Premiums rebounded from lows continuously and are expected to fluctuate next week.

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