Ningbo Zinc: Traders Raised Spot Zinc Offers, Spot Zinc Transactions Showed Mediocre Performance [SMM Midday Review]

Published: Jul 29, 2026 11:22

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[Ningbo Zinc: Traders Raise Spot Offers, Spot Transactions Mediocre] In the Ningbo market, transaction prices of mainstream brand 0# zinc were around 24,695-24,770 yuan/mt. Offers for conventional brands in Ningbo were at parity against the 2609 contract and at a premium of 30 yuan/mt against spot offers in Shanghai. Mainstream offers in Ningbo are quoted against the 2609 contract...

SMM July 29 News:

Transaction prices for mainstream brand 0# zinc in the Ningbo market were around 24,695-24,770 yuan/mt. Conventional brands in Ningbo offered at parity against the 2609 contract, with a premium of 30 yuan/mt against Shanghai spot prices. Mainstream in Ningbo mainly quoted against the 2609 contract. In the first session, Yongchang offered at a premium of 0-10 yuan/mt against the 2609 contract, Qilin offered at a premium of 10 yuan/mt against the 2609 contract, Anning offered at a discount of 10 yuan/mt to a premium of 10 yuan/mt against the 2609 contract, and Honglu-v (99.998) offered at a premium of 110 yuan/mt against the 2608 contract; in the second session, traders' offers were unchanged from the previous session. Today, most traders in Ningbo held prices firm, with spot premiums rising MoM, but downstream enterprises in Ningbo saw no improvement in orders, with inquiries and purchases largely need-based. Overall, transaction performance was mediocre today.

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