Traders Took a Laid-Back Approach to Selling and Quoting, with Limited Weekly Decline in Spot Premiums [SMM Ningbo Spot Weekly Review]

Published: Aug 14, 2026 15:28

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[Traders Stay Laid-Back on Sales Offers, Weekly Premium Declines Limited]: Ningbo spot premiums moved lower this week, with the overall average premium down 5 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2609 contract were quoted at a premium of 10 yuan/mt, and against Shanghai at a premium of 50 yuan/mt..

SMM August 14 News:

This week, Ningbo spot premiums moved lower, with the overall average premium down 5 yuan/mt WoW. As of this Friday, Ningbo spot prices were quoted at a premium of 10 yuan/mt against the 2609 contract, and at a premium of 50 yuan/mt against Shanghai. During the week, zinc ingots under long-term contracts arrived successively, leaving the market with ample spot supply overall. Traders' selling offers remained relatively stable, and spot premiums were little changed overall. Demand side, orders at downstream alloy plants had yet to improve significantly, spot zinc ingot purchases were mainly driven by rigid demand, and market transactions were average. Next week, Ningbo spot premiums are expected to consolidate.

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.

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