Few Traders Making Shipments in Market, Premiums Rose Slightly [SMM Ningbo Spot Weekly Review]

Published: Apr 24, 2026 15:57

Save

[Few Traders Shipping Cargo in the Market, Premiums Edge Higher]: This week, Ningbo spot premiums edged up, with the weekly average price rising 10 yuan/mt WoW. As of Friday, Ningbo spot prices against the 2605 contract were quoted at parity, with a premium of 60 yuan/mt against SHFE, and the premium against SHFE widened during the week.

SMM April 24 Update:

Ningbo spot premiums edged up this week, with the weekly average price up 10 yuan/mt WoW. As of this Friday, Ningbo spot prices were quoted at parity against the SHFE 2605 contract, with a premium of 60 yuan/mt against Shanghai, and the Shanghai premium widened during the week. Zinc futures prices continued to strengthen this week, but zinc ingot availability in the Ningbo market remained limited. Traders raised their spot offers, while downstream alloy plants were cautious amid high prices and mostly stayed on the sidelines. Actual spot purchases during the week were largely on an as-needed basis, and spot transaction performance was mediocre. Ningbo premiums are expected to remain firm next week.

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.

For any inquiries or to learn 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

Tug-of-War Between Longs and Shorts Continues, SHFE and LME Prices Fluctuate Upward [SMM Market Review - Weekly Price Review]

[Tug-of-War Between Longs and Shorts Continued, SHFE and LME Prices Fluctuated Upward] At the beginning of the week, boosted by optimistic sentiment over the easing of earlier geopolitical tensions, LME zinc edged up. Subsequently, as expectations for U.S.-Iran peace talks wavered and the Strait of Hormuz faced renewed restrictions, market concerns intensified, and LME zinc struggled to rise and continued to pull back.

1 hour ago

High Zinc Prices Weigh on Die-Casting Operating Rates [SMM Die-Casting Zinc Alloy Weekly Review]

[High Zinc Prices Weigh on Die-Casting Operating Rates] This week, the operating rate of die-casting zinc alloy producers came in at 50.75%, edging down 2.66 percentage points WoW. Inventory side, the price center of zinc continued to move higher this week, and the elevated price environment dampened downstream purchasing sentiment. Die-casting zinc alloy enterprises showed a notably reduced willingness to purchase, opting mainly to draw down existing stock, with little initiative to restock, and raw material levels declined.

1 hour ago

Zinc Oxide Production Edged Down [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rate Edged Down] The operating rate of the zinc oxide industry was 59.42% this week, edging down 0.28 percentage points WoW. Zinc prices continued to rise during the week, with China's zinc prices running steadily above 24,000 yuan/mt. Enterprises were relatively cautious in raw material procurement, and inventory remained largely flat compared with last week.

1 hour ago