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

Published: Aug 4, 2026 14:09

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[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.

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