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

Published: Jul 6, 2026 13:19

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[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.

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