Ningbo Zinc: Market Traders’ Laid-Back Quotes, Downstream Purchase Willingness Weak [SMM Midday Review]

Published: Jul 8, 2026 11:41

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[Ningbo Zinc: Traders Indifferent Quotes, Downstream Purchase Willingness Weak] The traded price of mainstream brand #0 zinc in the Ningbo market is around 24,620-24,695 yuan/mt. Common brands in Ningbo are quoted at a discount of 40 yuan/mt against the 2608 contract and at a premium of 30 yuan/mt against Shanghai spot. Quotations in the Ningbo area are mainly made against the 2608 contract.

SMM Jul 8:

Transaction prices of mainstream 0# zinc in Ningbo market were around 24,620-24,695 yuan/mt. Mainstream 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 the Shanghai spot zinc price. Most transactions in Ningbo were based on the 2608 contract. During the first session, Yongchang quoted a discount of 30 yuan/mt against the 2608 contract, Anning quoted a discount of 20 yuan/mt, Qilin quoted a discount of 40-30 yuan/mt, and Honglu-v (99.998) quoted a discount of 10 yuan/mt. During the second session, traders' quotes remained flat compared with the previous session. Today, there were few traders quoting in Ningbo, and overall quotes were basically stable from yesterday. However, orders from zinc alloy plants remained poor. Today, inquiry and purchase willingness were low. Some plants mainly sourced via long-term contracts. Spot cargo trading showed mediocre performance.

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