Ningbo Zinc: Traders Offer Shipments in a Laid-Back Manner, Spot Transactions Show No Improvement [SMM Midday Comment]

Published: Jul 28, 2026 13:23

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[Ningbo Zinc: Traders Sell with Laid-Back Attitude, Spot Transactions Show No Improvement] The mainstream #0 zinc transaction price in the Ningbo market was around 24,720–24,820 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 15 yuan/mt against the 2609 contract and at a premium of 20 yuan/mt against spot cargo in Shanghai. Ningbo has started quoting against the 2609 contract...

SMM July 28 News:

In the Ningbo market, transaction prices of mainstream brand #0 zinc ingot were around 24,720–24,820 yuan/mt. Ningbo conventional brands were quoted at a discount of 15 yuan/mt against the 2609 contract, and a premium of 20 yuan/mt against Shanghai spot quotations. The Ningbo region began quoting against the 2609 contract. In the first session, Yongchang and Anning were quoted at a discount of 20 yuan/mt against the 2609 contract, Qilin at a discount of 20–0 yuan/mt against the 2609 contract, and Honglu-v (99.998) at a premium of 110 yuan/mt against the 2608 contract. In the second session, traders' quotations were unchanged from the previous session. In the morning, SHFE zinc futures consolidated at highs. Downstream orders in Ningbo were poor. Overall, inquiries and purchases were limited today. Spot zinc ingot transactions saw no improvement. Traders were indifferent in selling and quoting, and spot premiums remained basically stable.

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