Ningbo Zinc: Downstream buyers are mostly on the sidelines, and overall spot trades are sluggish [SMM Midday Review]

Published: Jul 27, 2026 11:46

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[Ningbo Zinc: Downstream Largely on the Sidelines, Overall Spot Trades Sluggish] Transaction prices of mainstream brand 0# zinc in Ningbo were around 24,760-24,860 yuan/mt. Regular brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2608 contract and at a premium of 15 yuan/mt against Shanghai spot cargoes. Quotations in Ningbo were mainly against the 2608 contract...

SMM, July 27:

In Ningbo, mainstream brand 0# zinc traded at 24,760-24,860 yuan/mt. Regular brands in Ningbo were offered at a premium of 20 yuan/mt against the 2608 contract and a premium of 15 yuan/mt against Shanghai spot cargo. The Ningbo market mainly quoted against the 2608 contract. In the first session, Yongchang, Qilin, and Anning were offered at a premium of 20 yuan/mt against the 2608 contract, while Honglu-V (99.998) was offered at a premium of 110 yuan/mt against the 2608 contract. In the second session, trader quotes were unchanged from the previous session. Downstream enterprises in Ningbo saw weak orders amid the off-season and held certain raw material inventories. Coupled with the SHFE zinc futures price rising from the previous day in the morning, downstream enterprises mostly stayed on the sidelines today, and traders were casual in their offers for shipments. Overall, spot transactions were mediocre.

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