Ningbo Zinc: Futures Zinc Price Down MoM, Downstream Enterprises Purchase as Needed [SMM Midday Review]

Published: Jul 16, 2026 11:27

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[Ningbo Zinc: Futures Zinc Price Down MoM, Downstream Enterprises Purchase as Needed] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 24,535-24,625 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 10 yuan/mt against the 2608 contract and at a premium of 10 yuan/mt against Shanghai spot zinc. Mainstream quotes in Ningbo were against the 2608 contract.

SMM July 16 -

The mainstream brand 0# zinc in Ningbo market traded at around 24,535-24,625 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 10 yuan/mt against the 2608 contract, and at a premium of 10 yuan/mt against Shanghai spot zinc. Ningbo area mainly quoted against the 2608 contract. In the first period, Anning was quoted at a discount of 10-0 yuan/mt against the 2608 contract, and Honglu-v (99.998) was quoted at a premium of 20 yuan/mt against the 2608 contract. In the second period, traders' quotations were flat compared to the previous period. In the morning, SHFE zinc futures prices fell, and some traders raised spot quotations. However, futures prices did not fall to the downstream psychological price level. Today, inquiries and purchases remained on a need basis, and spot cargo transactions showed no significant improvement.

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