Ningbo Zinc: Downstream Remains Cautious at High Prices, Market Trading Sluggish [SMM Midday Commentary]

Published: Sep 8, 2026 11:40

Save

[Ningbo Zinc: Downstream remains cautious amid high prices, market trading sluggish] Mainstream brand 0# zinc transaction prices in the Ningbo market were around 27,280-27,630 yuan/mt. Conventional brands in Ningbo were quoted at a discount of 65 yuan/mt against the 2610 contract, and at a premium of 40 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo area were against the 2610 contract.

SMM, September 8:

Mainstream brand 0# zinc traded at around 27,280-27,630 yuan/mt in the Ningbo market. Conventional brands in Ningbo were quoted at a discount of 65 yuan/mt against the 2610 contract and a premium of 40 yuan/mt against Shanghai spot cargo. Ningbo mainly quoted against the 2610 contract. In the first session, Qilin was quoted at a discount of 60 yuan/mt against the 2610 contract, Anning at a discount of 80-50 yuan/mt against the 2610 contract, and Honglu-v (99.998) at a discount of 40 yuan/mt against the 2610 contract. In the second session, trader quotes were flat from the previous session. Zinc futures shot up to a yearly high, and downstream enterprises showed strong fear of high prices. In addition, with certain raw material inventory at plants, downstream enterprises stayed on the sidelines without purchasing today, leaving the overall spot market subdued.

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

3 hours ago

Guangdong zinc: High prices hit the spot market, and transactions in Guangdong were poor today [SMM midday review]

[Guangdong: High prices hit spot market; transactions in Guangdong were poor today] Guangdong 0# zinc was mainly traded at 27,260-27,610 yuan/mt, with mainstream brands quoted at a discount of 100-70 yuan/mt against the 2610 contract, a premium of 10 yuan/mt against Shanghai spot, and the Shanghai-Guangdong price spread remained...

3 hours ago

Tianjin Zinc: Zinc prices break through highs, market sees almost no transactions [SMM Midday Commentary]

[Tianjin Zinc: Zinc Prices Break Through Highs, Market Sees Almost No Transactions] In the Tianjin market, #0 zinc ingot was mainly traded at 27,180-27,710 yuan/mt, Zijin was traded at 27,390-27,830 yuan/mt, #1 zinc ingot was traded near 27,210-27,600 yuan/mt, Zijin was quoted at a premium of 60-120 yuan/mt against the 2610 contract, Huxin was quoted at 28,815 yuan/mt, #0 zinc ingot was quoted at a discount of 0-150 yuan/mt against the 2610 contract, and the Tianjin market was quoted at a discount of 45 yuan/mt against the Shanghai market.

3 hours ago

Shanghai Zinc: Zinc prices hit a new high for the year; downstream remains cautious and on the sidelines [SMM Midday Commentary]

[Shanghai Zinc: Zinc Prices Hit a New High for the Year; Downstream Users Remain Cautious and Stay on the Sidelines] Today, mainstream transaction prices for #0 zinc were concentrated at 27,280-27,660 yuan/mt, with no transactions for Shuangyan. Mainstream transaction prices for #1 zinc were at 26,210-27,590 yuan/mt. In the morning session, market quotes were at a premium of 40-50 yuan/mt against the SMM average price, with no quotes against the futures contract yet...

3 hours ago