Ningbo Zinc: Spot Premiums in the Market Remain Firm, Spot Zinc Transactions See No Significant Improvement [SMM Midday Review]

Published: Jul 20, 2026 11:46

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[Ningbo Zinc: Spot premiums remain firm, spot transactions show no significant improvement] In the Ningbo market, mainstream #0 zinc traded at around 24,265-24,570 yuan/mt, conventional brands in Ningbo offered at a premium of 20 yuan/mt against the 2608 contract and a premium of 20 yuan/mt against Shanghai spot cargo, mainstream quotes in Ningbo against the 2608 contract...

SMM July 20 News:

In the Ningbo market, the transaction price of mainstream brand #0 zinc was around 24,265-24,570 yuan/mt. Regular brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2608 contract, and at a premium of 20 yuan/mt against Shanghai spot cargo. The mainstream quotes in Ningbo were based on the 2608 contract. In the first session, Anning was quoted at a premium of 10-30 yuan/mt against the 2608 contract, and Honglu-V (99.998) was quoted at a premium of 80 yuan/mt against the 2608 contract. In the second session, traders' quotes remained flat compared to the previous session. Today, traders' quotes in the Ningbo market remained firm. Some downstream enterprises made purchases at set prices, but it was the off-season for consumption, and factory orders showed weak performance. The enthusiasm for inquiries and purchases was mediocre today, and spot transactions saw no significant improvement.

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