Ningbo zinc: Few traders selling in the market, spot premiums continue to rise [SMM midday commentary]

Published: Nov 06, 2026 11:59 (GMT+8)

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[Ningbo Zinc: Few Traders Selling in the Market, Spot Premiums Continue to Rise] The transaction price of mainstream brand 0# zinc in the Ningbo market was around 25,400-25,550 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 70 yuan/mt against the 2612 contract, and at a premium of 45 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo area were against the 2612 contract...

SMM, November 6:

The transaction price of mainstream brand 0# zinc in the Ningbo market was around 25,400-25,550 yuan/mt. Conventional brands in Ningbo were quoted at a premium of 70 yuan/mt against the 2612 contract and a premium of 45 yuan/mt against Shanghai spot cargo. Mainstream quotes in the Ningbo area were primarily against the 2612 contract. In the first session, Anning was quoted at a premium of 70 yuan/mt against the 2612 contract; in the second session, trader quotes remained unchanged from the previous session. Recently, arrivals in the Ningbo market have been limited, and few traders were selling spot cargo, so spot quotes continued to be raised. Coupled with a pullback in zinc futures prices, some downstream buyers took the opportunity to lock in prices at lower levels, but overall transactions were limited due to tight supply.

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