Ningbo Zinc: Downstream Averse to High Prices, Hardly Any Purchases; Suppliers Lower Spot Premiums [SMM Noon Review]

Published: Aug 21, 2026 11:52

Save

[Ningbo Zinc: Downstream Buyers Reluctant to Purchase at High Prices, Suppliers Lower Spot Premiums] The mainstream brand 0# zinc in Ningbo market transacted around 25,545~25,740 yuan/mt. Conventional brands in Ningbo quoted premiums of 0 yuan/mt against the 2609 contract, and premiums of 35 yuan/mt against spot Shanghai. The mainstream in Ningbo region quotes against the 2609 contract..

SMM August 21 news:

In the Ningbo market, the transaction prices of mainstream brand 0# zinc were around 25,545 to 25,740 yuan/mt. Ningbo regular brands quoted a premium of 0 yuan/mt against the 2609 contract, and a premium of 35 yuan/mt against Shanghai spot cargo. The mainstream in Ningbo region quoted against the 2609 contract. In the first period, Yongchang and Qilin quoted a premium of 0 to 10 yuan/mt against the 2609 contract, Anning quoted a premium of -10 to 10 yuan/mt against the 2609 contract, and Honglu-v (99.998) quoted a premium of 50 yuan/mt against the 2609 contract. In the second period, traders' quotes remained flat from the previous period. Recently, futures zinc prices have risen significantly. Downstream enterprises, fearing high prices, barely made inquiries for purchase. The overall market sentiment turned significantly weaker. Some suppliers lowered their spot quotes, and market premiums weakened slightly.

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

Shanghai zinc: SHFE zinc futures prices rose significantly, downstream users were afraid of high prices and hardly made inquiries or purchases [SMM Midday Comment].

[Shanghai Zinc: SHFE Zinc Futures Prices Rose Significantly; Downstream Users Feared High Prices and Had Almost No Inquiries or Purchases] Today, mainstream transaction prices for #0 zinc concentrated at 25,555~25,770 yuan/mt, while Shuangyan mainly traded at 25,685~25,900 yuan/mt, and #1 zinc traded at 25,485~25,700 yuan/mt. In the morning session, the market quoted a premium of 50~60 yuan/mt against the SMM average price, with no quotations available against the futures contract for now.

1 hour ago

Guangdong Zinc: Market Transactions Worsen, Premiums Lack Upward Momentum [SMM Noon Review]

[Guangdong: Market transactions turn worse, premiums lack upward momentum] Guangdong 0# zinc was mainly traded at 25,495~25,675 yuan/mt, with major brands quoting discounts of 130~85 yuan/mt against the 2610 contract, and a discount of 15 yuan/mt against Shanghai spot. The Shanghai-Guangdong price spread narrowed...

1 hour ago

Develop Global Awards $275M EPC Contract for Yitirrti Processing Plant to GR Engineering Services

According to an August 17 announcement by Develop Global, Develop has awarded the EPC contract for the design and construction of the Yitirrti processing plant (formerly known as Sulphur Springs) to leading engineering company GR Engineering Services Limited, with a contract value of A$275 million. The processing plant will have a designed capacity of 1.5 million tonnes per year and will produce separate copper-silver and zinc concentrates. Funding for the Yitirrti project will come from a US$400 million debt facility recently provided by Trafigura to Develop, Develop's existing cash resources, and cash flow generated by Develop's Woodlawn and Pioneer Dome mines. Trafigura has signed offtake agreements to purchase the copper and zinc concentrates produced by the Yitirrti project. Construct

1 hour ago