Ningbo Zinc: Traders Sell Casually, Spot Premiums Stay Firm [SMM Midday Commentary]

Published: Jul 30, 2026 11:45

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[Ningbo zinc: traders take a laid-back approach to shipments, spot premiums remain firm] The transaction prices of mainstream brand 0# zinc in the Ningbo market were around 24,715-24,825 yuan/mt. For conventional brands in Ningbo, the premium quoted against the 2609 contract was 5 yuan/mt, and against Shanghai spot zinc the quoted premium was 25 yuan/mt. In the Ningbo area, mainstream brands are primarily quoted against the 2609 contract...

SMM, July 30:

In the Ningbo market, transaction prices for mainstream 0# zinc brands were around 24,715-24,825 yuan/mt. Regular brands in Ningbo were quoted at a premium of 5 yuan/mt against the 2609 contract and at a premium of 25 yuan/mt against Shanghai spot prices, with mainstream quotations in the Ningbo area based on the 2609 contract. In the first session, Yongchang was quoted at a premium of 0-20 yuan/mt against the 2609 contract; Qilin at a premium of 10 yuan/mt; Anning at a discount of 10 yuan/mt to a premium of 20 yuan/mt; and Honglu-v (99.998) at a premium of 100 yuan/mt against the 2608 contract. In the second session, trader quotations were flat from the previous session. In the morning, SHFE zinc futures prices fluctuated at highs. With no improvement in downstream orders, spot procurement remained need-based today, overall transactions were sluggish, traders were casual in offering shipments, and spot premiums remained firm.

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