Ningbo zinc: Some traders lowered their quotes, spot trades were sluggish [SMM Midday Review]

Published: Jul 6, 2026 13:19

Save

[Ningbo Zinc: Some Traders Lowered Quotes, Spot Trades Sluggish] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,410~24,535 yuan/mt. The conventional brand in Ningbo was quoted at a discount of 40 yuan/mt against the 2608 contract, and a premium of 30 yuan/mt against Shanghai spot zinc. In the Ningbo region, mainstream quotes were primarily against the 2608 contract..

SMM July 6:

The mainstream 0# zinc ingot in the Ningbo market traded at around 24,410-24,535 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 40 yuan/mt against the 2608 contract, and a premium of 30 yuan/mt against Shanghai spot cargoes. Ningbo region mainly quoted against the 2608 contract. In the first session, Yongchang and Anning offered at a discount of 30 yuan/mt against the 2608 contract, Qilin at a discount of 40 yuan/mt, and Honglu-v (99.998) at a discount of 10 yuan/mt. In the second session, traders' quotes remained unchanged from the previous session. Traders actively quoted and offered shipments. Today, spot premiums remained weak. Alloy plants downstream had poor orders, leading to low inquiry and purchase willingness. Spot transactions were sluggish. In addition, a typhoon is expected to make landfall in Zhejiang this week, which may affect the arrival of some zinc ingots.

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.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for 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

1 min ago

Data: SHFE, DCE market movement (Jul 06)

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

1 min ago

37 mins ago

[SMM Analysis] H1 '26 Sulfur Industry Chain Review: Extreme Volatility Under Supply Shocks.

The essence of this supply crunch is a "three-layered squeeze": Layer 1: Physical cutoff – the Hormuz blockade severed Middle Eastern supply, halting nearly half of global seaborne trade. Layer 2: Policy lockdown – overlapping export bans from Russia, Kazakhstan, and Turkey blocked alternative supply sources, further tightening global tradable volumes. Layer 3: Capacity and inventory collapse – war-damaged Middle Eastern production facilities are slow to restart.

37 mins ago

2 hours ago

Shanghai Zinc: Futures Zinc Prices Consolidated Higher, Spot Premiums Edged Down [SMM Midday Review]

[Shanghai Zinc: Futures Zinc Price Consolidates Higher, Spot Premiums Edge Down] Mainstream transaction prices of #0 zinc were concentrated in the range of 24,370-24,525 yuan/mt today, Shuangyan mainstream transaction prices were at 24,540-24,675 yuan/mt, and #1 zinc mainstream transaction prices were at 24,300-24,455 yuan/mt. In early trading, the market quoted premiums of 0-10 yuan/mt against the SMM average price, while there were no quotes against the futures yet...

2 hours ago