Ningbo Zinc: Market Traders Raise Offers, Ningbo Premiums Rise MoM [SMM Midday Comment]

Published: Aug 4, 2026 14:09

Save

[Zinc in Ningbo: Traders Raise Quotes, Ningbo Premium Rises MoM] The transaction price of mainstream 0# zinc in Ningbo was around 24,920-25,015 yuan/mt. Ningbo conventional brands quoted a premium of 20 yuan/mt against the 2609 contract, and a premium of 30 yuan/mt against Shanghai spot zinc. In Ningbo, mainstream quotes were mainly against the 2609 contract..

SMM, August 4:

The transaction price of mainstream 0# zinc brands in the Ningbo market was around 24,920–25,015 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 20 yuan/mt against the 2609 contract and at a premium of 30 yuan/mt against spot cargoes in Shanghai. Quotes in Ningbo were primarily based on the 2609 contract. In the first session, Qilin was quoted at a premium of 20 yuan/mt against the 2609 contract, Anning at a premium of 20–40 yuan/mt against the 2609 contract, and Honglu-v (99.998) at a premium of 70 yuan/mt against the 2609 contract. In the second session, traders' quotes were flat from the previous session. SHFE zinc futures prices stayed high this morning. Today, downstream enterprises remained cautious and on the sidelines due to fear of high prices. Overall spot transactions were rather sluggish, but traders continued to hold prices firm, and spot premiums in the Ningbo market edged up.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Jinhui Mining Subsidiary Secures Mining License, Boosting Production to 2.44M mt/year

On August 24, Jinhui Mining Co., Ltd. announced that its subsidiary had obtained a mining license and real estate ownership certificate and completed the change of its exploration right. Following the acquisition of the mining right, the company's production capacity will increase from 1.78 million mt/year to 2.44 million mt/year. The move is expected to further expand its lead-zinc resource reserves, strengthen resource security, consolidate its core lead-zinc business, and enhance its sustainable operating capabilities and core competitiveness, in line with the company's long-term development strategy.

1 hour ago

Data: SHFE, DCE market movement (Aug 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Aug , 2026

1 hour ago

3 hours ago

China’s zinc oxide imports plunged 65% month‑on‑month in July, while cumulative exports topped 12,000 tonnes

Latest customs data showed China imported 234.12 tonnes of zinc oxide in July, down 65.01% month‑on‑month. Cumulative imports stood at 3,495.83 tonnes for Jan‑Jul. July zinc oxide exports came in at 1,524.18 tonnes, falling 20.27% month‑on‑month. Cumulative exports reached 12,267.66 tonnes over the first seven months.

3 hours ago