Ningbo Zinc: Traders' Quotations Firm, Downstream Purchasing as Needed [SMM Midday Review]

Published: Jul 14, 2026 11:28

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[Ningbo Zinc: Traders' Offers Firm, Downstream Purchasing as Needed] The transaction price of mainstream 0# zinc in the Ningbo market was around 24,625-24,705 yuan/mt. Ningbo regular brands were quoted at a discount of 10 yuan/mt against the 2608 contract and at a premium of 40 yuan/mt against Shanghai spot. In Ningbo, mainstream brands primarily quoted against the 2608 contract.

SMM July 14 News:

Transaction prices for mainstream brand 0# zinc in the Ningbo market were around 24,625-24,705 yuan/mt. Conventional brands in Ningbo quoted a discount of 10 yuan/mt against the 2608 contract and a premium of 40 yuan/mt against Shanghai spot cargo, with the mainstream in Ningbo primarily quoting against the 2608 contract. During the first session, Yongchang quoted discounts of 30-0 yuan/mt against the 2608 contract, and Honglu-v (99.998) quoted parity against the 2608 contract. In the second session, traders' quotes remained flat from the previous session. Quotations in the Ningbo market remained largely firm today, with spot premiums steady from yesterday. Zinc futures prices consolidated, downstream enterprises showed weaker purchasing interest, and spot procurement was largely need-based, with overall trading activity seeing no improvement.

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