Ningbo Zinc: Traders Sell Casually, Spot Zinc Prices Basically Flat [SMM Midday Review]

Published: Jul 7, 2026 11:53

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[Ningbo Zinc: Traders Laid-Back on Shipments, Spot Zinc Quotes Basically Flat] In the Ningbo market, transaction prices of mainstream-brand 0# zinc were around 24,590-24,765 yuan/mt, Ningbo conventional brands were quoted at a discount of 40 yuan/mt against the 2608 contract and a premium of 30 yuan/mt against Shanghai spot zinc quotes, and mainstream Ningbo quotes were against the 2608 contract.

SMM July 7 News:

The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,590-24,765 yuan/mt. Mainstream conventional brands in Ningbo were quoted at a discount of 40 yuan/mt against the 2608 contract and at a premium of 30 yuan/mt against Shanghai spot. Mainstream brands in Ningbo mainly quoted against the 2608 contract. In the first period, Yongchang quoted a discount of 30 yuan/mt against the 2608 contract, Qilin quoted a discount of 40 yuan/mt, and Honglu-v (99.998) quoted a discount of 10 yuan/mt. In the second period, traders’ quotes were unchanged from the previous period. Trading in the Ningbo spot market remained sluggish today. Traders offered to sell in a laid-back manner, with spot zinc quotes basically flat from the previous day. Downstream enterprises’ consumption demand was weak in the off-season, and overall purchasing and inquiry interest was poor.

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